Yes. Big big day. probably the biggest single day for my investment.
News driven. Big volume. Does this development finally begin a new cycle , in the big leagues for AVXL.? Much appreciate any and all your thoughts, of course. There are a few good fundamental analysts on the anavex forum I pay attention to, some very bullish, one remains very cautious, Doc, but I value his mindset.
The price action has always followed the wall street Rollercoaster game, way up, way down... and look how many years we watched it go from 2 dollars to 28, and 3 to 31, and back down.... all while the developing science and trials were in relatively early stages...but like you said, sooner or later successful developments that create approval and a buyout or whatever the success achievement plan is... at some point, the short attackers and price manipulation will have to stop, or change dramatically.
In my own chart outlook, technical target for this current rally, without spectacular news, but just ok news, has my target zone here from 11.50/12/13/14/15 , and let's see what the resistance looks like around 15... a double from the 7.50 shoulder bottom. Now , in just the simplest basic ways, as the dust settles, we're looking for the next pullback support zones, like the chart you posted, and From what resistance peak would that retrace begin.it might take a week to see it show us something. It could bleed up to 15, and sell back to 10... or it could climb to 15, pullback a dollar or two and then climb to 18. Or peak soon at 12 and somehow sell back to 10. The train tracks are switching, and the engine could be shifting gears. Time to recalibrate.
And yes, the 200 MA at 10 as a marker. And the very long term chart, has 10 dollars as a major pivot shoulder bottom, for a good while, a few years ago.
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