Unfortunately, YES. There is a big foot on AVXL right now it seems.
Not only is $2 in sight, once it gets there (if it does) there is nothing on a 3year weekly til 1.88 other than psychological action at the round # $2.
The only hope right now IMO is the out of lower bb price yesterday and today (daily chart) could bounce back inside and form a bottom.
Nothing for sure right now. News of a positive nature would help though, for sure. Feel bad for those who ignored the downtrend and its signals. Those without a cast iron stomach are likely getting ulcers.
Remember the night is darkest right before daylight begins to appear. Nothing has changed that anyone can confirm except the fear meter.
Green Trades.
PS: price just got pushed to 2.15. Given the overbought indicators on the daily, my hunt has begun. Watching to see if we form a capitulation (low volume) spike low. Could make for a scalpable bounce.
Will pay attention to level 2 for selling exhaustion.
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