$ATXI (REQUESTED ANALYSIS - I hold no position)

NASDAQ:ATXI   Avenue Therapeutics, Inc
Hi, @assafff123

Ok so, personally, I do love Biotech stocks... I don't know why but I love them.

The bad news is that there is no support since 2.22 and it broke below that I cannot tell you how low it will go - there's just no support.

There are TWO gaps that need to be filled to the UP side (look for the red arrows)... and even if just the first gap fills for now the up side is 108% --- but again I don't know the timeframe until it finds some kind of support... are you comfortable holding? Biotech stocks require a lot of patience.

Since there is no support, a fib retracement would put your next place to average down at 0.76

RSI is entering a double bottom - and that is good...

I do see a tremendous upside but I can't tell you with any certainty what the timeframe will be... just keep an eye out for the next support level ... and add there...
and reach out again if you want me to look at it again in the near future...

Hardcore Swinger... Purely Technical... Just riding these crazy waves... I am not your financial advisor.
Discord with live intraday trade ideas coming soon...

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.