AVXL
Updated
AVXL is an excellent stock; the descending channel has been broken on the daily chart. We are currently in a correction phase on the 1-hour timeframe, Entry with the price ranging between $7.50 and $6.50 Target 14.19$_14.90$ However, there may make correction between $9.63 _ $10.06, where a re-entry could be made. The stop loss should be placed below $5.00.
Trade active
As we expected, it reached the target and corrected from the indicated area, then dropped to the buying zone again, and rose to the same area once more. We expect it to break through and reach the next target.
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