Replies to post #3781 on 123Tom's TA study group

[123tom]

one more AVXL chart

falling knife target at 5.65
then needs to break above 5.80 and continue climbing thru the 6.15-6.30 barrier....IF we don't get this kind of rally now, and IF resistance continues to Cap at 6.30-6.00 area, then there is a risk of another plunge to lower targets at 5.40 area .

A bearish short attack campaign could send AVXL back to retest 4.40-4.25 area.IF we don't get a good rally in this cycle.IF it keeps getting Capped below 6.25-6.00

and IF we do get a good rally ,it looks like a 2 dollar trade to target 7.60-7.75 area

[mokew]

Just an observation, since the price hit the lower B-Band about 6 months ago the lows have been higher. It looks like it might test the B-Band again.
Don't higher lows indicate something?