Replies to post #3680 on 123Tom's TA study group

[Citrati]

Tom, I think the total volume is decent to good.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=avxl&x=54&y=14&time=2&startdate=1%2F4%2F1999&enddate=11%2F15%2F2016&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=3&maval=390%2C200&uf=32&lf=268435456&lf2=0&lf3=0&type=4&style=380&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Looking at the candles (down) and volume bars (the brownish grey ones) it seems there is more selling the last 2 days than previously.
The fast line (blue) is now flat and may roll over. Slow line (orange) still has positive trend but price could potentially stall at 5.65. You can see the battle. Right now it doesn't know for sure what it wants to do. Next hour and a half will tell a lot.
Kind of in no man's land to buy or sell. Will blue line hold as support or not is the current ??

Hope that helps. Just one opinion on one chart so filter it through all you know. :-)
I am still waiting for confirmation of up or down from here. What will it do with 5.77 the recent intraday top.Tues. I tend to favor closing highs and so far 5.39 is the closing high, though today looks to be a new high. Just don't like this many days outside the upper bb with an 85 rsi. Makes me cautious.
News would push it more, but otherwise I still think it needs to breathe and cool.

Just one opinion and could be wrong.....disclaimer.....I am just a message board poster....lol..beware of me....