Replies to post #11347 on 123Tom's TA study group

[Citrati]

Congrats. All green and free rides are good.
I will take a look.

Depending on market direction, AVXL could give another low buy spot for traders and holders. Market has no breadth and only a few stocks (NVDA) were/are holding it up. Overall there has been distribution going on. Until positive news AVXL will likely just follow markets and XBI.
Selling here may pick up due to nervous nellies in the market and biotech sector. We shall see.

Good Luck.

Here is an older weekly that I added the lowest red line too that confirming below would add strength to the more down scenario.

https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=5&mn=0&dy=0&id=p93926737676&a=861844297