Replies to post #10881 on 123Tom's TA study group

[Kentucky123]

Steve,
"Missling has not followed medical protocol....that's scary."
I was not aware. How so?
Ken

[123tom]

Hi Steve, hope you're doing well.
Here we are into mid week now and we see AVXL
has tested 8 dollars again... which is a major support step to hold if it will hold. But we just don't know what the next moves can be in coming weeks. The 2 main things I'm watching on the charts as usual, the support lows to hold versus overhead resistance that could cap hard.
I find AVXL does move in wave patterns that often target 1 dollar movement, and bigger moves try for 2 dollars. From the current resistance zone around 8.25 to 9 dollars a 1 dollar downwave gives us a retest of the zone 8.00 to 7.25 area... to watch for. I set my bids in the docket at 7.55, to buy small amounts . It's a guess. 7.70, 7.50, 7.40 .... bottom fishing. If the resistance caps at 8.40 now, I'm just looking for a dollar drop into the target area.