look at all these spike failures that create long wicks...at the resistance capping from 6.30 to the present ,now around 5.85....would you say this kind of resistance failing here is a 'rolling over' ready to turn downward , ??
if it "cant" climb higher by breaking thru this capping zone, then doesn't that increase the odds of retesting the lows at 5.60 which it is doing now, but why not the next steps lower at 5.50 then when that fails to hold, a running of the stops could take AVXL to the Pivot point target at 5.30. That's what I'm looking for next if this capping at resistance keeps happening. I guess I haven't got much 'faith' in the 5.50 support low. I don't trust ANY support level when price is controlled and manipulated by the big money and the wall street games. The only positive hope comes from seeing a break thru, to higher steps, above 5.85 above 6 dollars, and then holding a pullback at higher lows, that climbing higher steps process.... that AVXL is struggling with this week and last. This price action looks more bearish to me than bullish, more bearish than neutral. you could say neutral because at least the 5.60 support is still holding and there is the 5.55/5.50 support below, so you can call it neutral,the 5.60 support is holding but the 5.85 resistance is winning as well, ok,I can call it a stalemate this week and last week. but the feeling in my mind is more nearish here because its a pattern that can easily get taken to lower targets. a resistance shoulder zone at 5.85/5.90 area, these shoulder zones can get hammered down. AVXL is Notorious for being slammed down after every rally. the MM's are trying many tricks to accumulate shares for the hedge funds. all they've been doing for the last few weeks is bleeding price down. now zig zags up and down. IF they can take it down to 5.50 and break thru 5.50 they could cascade a plunge to 5.30 and that's my first stink bid waiting to buy a little more.
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