Very Nice jump for AVXL today
very positive looking. This is what a true Wave 3 bullish rally begins to look like.
Math targets continue higher. pullback targets should hold a higher low. IF this surge today gets sold down in some fast reacting volatility,the support steps 'should' hold strong at the 2.30.2,35 area this time.
They didnt hold last time. this time they 'should'
lets see what happens next.
At the moment ,in the technical chart, I'm looking at higher technical targets 2.80-3.00-3.20, maybe,and then if/when that happens, to watch how the picture develops after that. But if it was some big news that caused this, then the technical chart has to be set aside somewhat,and stretch it out to extremes ,not able to forecast until the dust settles again.
I havent looked at anything yet. was this jump News related??