Replies to post #10860 on 123Tom's TA study group

[123tom]

yes, I agree. and the downward pressure seems ongoing until we see good news for AVXL.

and the latest move, the 1 dollar down trade, from 11 resistance hits 10 target zone today. will it bounce here,like patterns do ...and then roll over around 10.50 and down another dollar. the downward pattern is not hard to see the tracks it runs along. a bounce, then roll over and down another dollar or two dollars. Its disappointing to see. I wish I had sold some shares way up at 18 and 20,like I should have. You could see this downwave setting up. but its hard not to hope the support might hold, which was the 16 area, then 13 area and now here we are at 10 double bottom zone. And that bottom basin from 9 to 6 is still waiting with a welcome sign

a basic channel,and the rolling over tumbling down the steps

[TWilson07]

Great call as usual on the $11.29 resistance. Your insight is always appreciated!