just another note about AVXL.... this 6 dollar line is key now, Holding so far at this 5.95-6.05 line is the key at the moment in the little rally trying to become real, to the 6.30 target, and here at 6 dollars needs to make some claim to basing,otherwise, the previous station around 5.80/5.85/5.75 is still too much in play, with magnetic pull, that could receive a plunge,IF this 6 dollar line Fails too much. so far in the past few days, it appears to be holding....But today was weak in the climb, trying to retest 6.10, was weak today. so far. so the pressure is on the 6 dollar line now, to be strong tomorrow. I doubt it will be, and the zone 5.90 should attract a bleeding, maybe back to 5.85 again, could we see some bleeding the rest of this week? folks who want shares at 5.83 again should stay nimble here. at the moment the 5.75 looks a bit too far away, but 5.84 might be my stink bid if I was shopping. somewhere around there.
targets at 5.83 area
the 50ma AND the 20 ma are together around 5.82 a good set up for the next falling knife this week.
BUT...the problem with clever tricks ,these waves that go up and down, IF we get a plunge to 5.80, then you have a wave that ran from 6.10 down to 5.80 (30 cents) that creates a resistance at 5.95 area, that could become the trigger for the next little downwave to retest 5.65 area all over again..... so the pullback targets now would look like 5.85 and 5.65,or 5.82 and 5.62, something like that... and that's how AVXL gets to stay stuck in this box, below 6.15 and above 5.50...while it remains in this waiting pattern. and to make this kind of small downwave, would be falling below the 50/20MA and that turns it bearish, so that when it rallies back to 5.85 and hits those MA's its a resistance danger all over again, at the 5.85 balance point
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