Replies to post #10894 on 123Tom's TA study group

[Citrati]

Tom, I didn't answer your question to me on the AVXL site because I am trying to get that basher to give some substance that counteracts his "AVXL is a piece of sheet" rhetoric when he talks about buyouts and a much higher stock price after saying the stock is a fraud in a different post, but he owns it.

I line up more with your step by step scenario. It all depends on the success of several trials and what gets full approval. I think if just one is even able to make a nice market penetration, 30-50 is very possible. It hit 31.50 just barely a year ago. If one becomes a standard of care then 100+. One of each could reach 150+ and 2 becoming standard of care then 200+. Market potential is huge and given only 90million O/S playing with #s can quickly reach the stratosphere and brain freezing.
I haven't even explored a true multiple PE multiples ratio for this kind of biotech. LOL
So, I just stick with the trading steps and am now in re-accumulation mode.
Lots to like about the daily chart as it is setting up. Interesting last 3 days of candles. Indecision doji, inverted hammer and today another indecision doji with price up .29. Looking for whether the close today at or above the two midlines confirms tomorrow and Monday. Then how the pinching BB resolves with price reaction and finally making a support base at 8.30 or better.
I don't drink tea, but this is my abbreviated reading of the daily leaves. 🤔😎