Replies to post #6730 on 123Tom's TA study group

[123tom]

nice AVXL chart.

Has that coiled and waiting look to it. which direction will the next 1 dollar move be? 3.00 down to 2.00 or 2.50 up to 3.50.

Heres the 'best performing' miner on my list today. why the big jump today I don't know, but its into a resistance shoulder zone now. and GORO has been volatile like many miners, Ranging way up and way down.
a Mexico miner

Looks like it wants to peak for 2018 and then make its next downwave in 2019. The more miners I look at the more I think they're ALL Traders.

Nothing wrong with trading them. I'd be selling GORO in this topping zone. I'd be looking to buy the 4.25 bottom zone (3.75/4.00/4.25 ).

The 3 dollar bottom was a good one to buy.

[123tom]

Notice how AVXL is getting capped at the 2.60 resistance step in the current picture. a similar strong resistance capping step is also at 2.80 area.

support,so far, appears around 2.40 area. but hardly feels solid to me.

Its the resistance capping that dominates the price action feeling these days, in my view.

and these little moves from day to day look like MM movements, nothing but fiddling and diddling around ,and today at the open maybe "testing" the strength of both directions to feel where the strength comes in. They deduced their playing field now. between 2.35/2.40 and 2.60/2.65

Nothing major comes of it until it reaches at least 3 dollars. and any technical push above 3.00 could get Hammered down hard to generate the next 1 dollar trade for sellers. unless the rally is generated by news and not technical algos. But so far it looks all technical to me.