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123tom

10/17/21 10:37 PM

#333112 RE: blue finch #333109

Looking at the technical price action

about AVXL is not 'off topic' here but I hesitate to post alot of charts and alot of detail TA explanations here because it could start to dominate the forum. If most people here are more interested in the fundamental analysis of good science people, which I am too, then I'd rather see the forum receive the attention of those people like falconer and Biostockclub,and some others.
If you want to talk TA in greater detail, we can avoid being censored at my forum (search 123)
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but briefly, As the great pullback from 31 and 28 came down, the TA target retrace was looking at the 21-19 area to hold.But price 'bottomed' so far at the 16.50 area. Rally bounces since then have capped at 21,20.65. and 19.80. and fallen down to the 17-16.75 'bottom zone' Now the latest breakout rally capped at 18.20,
are there any meaningful patterns in the price action ?
Lower highs so far. and a retest of the Bottom zone(16.80) Now the ongoing pullback from 18.20 is looking to find support. So what happened to the rally targets above 20? The downward pressure has not allowed rallys to hit 20 dollars yet. You could say that the grand downwave pullback proccess is still ongoing . The big chart can be examined from the 31 and 28 tops to the bottoms. A real breakout rally pattern has to get back up to retest the 20 area and try and reach 22/23/24. The target is still on the big chart picture. but right now, the price action is still looking to stabilize the bottom zone.

Trying to get away from the bottom