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oldmystic

11/21/23 10:01 AM

#11029 RE: kevindenver #11028

Huge volume traded first 30 minutes, the news yesterday caught someone's attention

oldmystic

01/04/24 11:54 AM

#11199 RE: kevindenver #11028

I'm in a debate with some friends, I say $AVXL experienced a breakaway gap yesterday due to the volume, thus it won't back fill. Anyone else care to chime in.


https://invst.ly/12wbp1

sab63090

01/04/24 12:39 PM

#11200 RE: kevindenver #11028

Prior to this unexpected event, I was bullish which grew into a shocker although I did see the efforts at breaking 10 on the weekly fail....I guess I'll watch and wait on this one!
This was totally not expected by our science guys either!!! Most actually thought the children would do better than the excellent results of the adults and I guess I bought into that prospect....the charts are following the foot steps and sometimes get knocked off the block....Humpty Dumpty comes to mind.

We need much more evidence that we are getting a footing again, but as of now, I agree with your thinking on an attempt to fill the gap or even backtest to the 50 day...I think we will get a pretty good indication by watching the RSI....who knows for sure?