Some people ascribe to the idea of correlation with the markets...that if the market is up AVXL will rise with it. I seriously do not believe this concept, and the evidence shows no reliable correlation. the greater markets have soared almost in a straight line since 2009. AVXL has not. and for an even worse glimpse of this, look at the Biotech sector ETF ,for 'correlation' , which would actually make sense to if you want to see correlation, look at the XBI chart, small biotech... and when money rotates into this sector...we see XBI having a great surging year. stronger than I expected. A big rally since 2013, but a big pullback in 2015. rally began again in 2016. Resistance looked ominous to me as 2017 started I was watching for rally failure in the 70's and 80's...and it paused there but since then has climbed thru it to retest the topping zone around 90. If anything a 2018 pullback is due. for the biotech sector. XBI chart
Compare that chart to AVXL....there's no correlation at all.
I do understand some of your financial examination is theoretical, but it has a solid rational feel to it, and the more insight we can gain ,the more confirmation we can see. if the financing game shows up on the chart ,this is the way to examine it.
Today, we got a small pop to 3.45...the next resistance step. with no immediate plunge so far today, (last I looked...lol) but the retrace is what I'm watching now. I want to see 3.20/3.25 steps hold as support and the next rally subwave bounce from there,target 3.75 area,then another pullback (3.50/3.40) holding, and then the rally wave finish target around 4 dollars. as a completed swing wave. That's a technical track,not news driven. a wave from 3 dollars to 4 dollars, with an expected swing pullback to test the 200ma around 3.50.
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