Interesting to see those charts.
Are we still waiting to see how the index rebalancing selling goes, the listing/delisting issue, the frivolous lawsuit issue as well... and maybe that would mark the bottom zone reversal time. I'm thinking we don't have much great news coming for many weeks if not months. But the cheerleading market forces can pump it into a rally if they want to. The 3.60 support shoulder zone is one to keep watching now. It could still fail and roll over here at 3.80 area.

Hi, C, ... I'm feeling well, thanks. Agree with your views, the current rally, seems to me, would have a chance to develop a trend changing pattern... If it reaches 4.25-4.40 area, and Then pulls back to hold a support shoulder around 3.80-3.65 area. Maybe this picture would correspond with your money indicators turning bullish. ??

Yes, It has been a bearish chart for many weeks, until right now, this first upwave that showed some follow thru.with this step higher today, heading toward that 4.00-4.40 target zone. 4.20 right in the middle. And a basic 1 dollar rally wave from the contrived 3.25 "Bottom ". Maybe I'll end up being wrong about 3.25. But if the price action forces can sell and bleed it down from 6.80 to 3.25... they ought to be able to go one more step and reach 3.00. Today, I noticed they didn't allow price to hit 4.00. I still see the current zone here from 3.65 to 3.95 as a resistance trap, waiting to roll over and begin the next downwave, and maybe the Lowest Bottom target 2.90 area.

Hi guys, I'm looking at the same things you are. Do you think 3.25 will hold as a finished cycle Bottom? I havent been thinking it will .
Now here , a week after your chart post, the month is ending without any long tail, if that means anything. The current price around 3.65 looks a bit dangerous to me, a good place for price to roll over and sell down again. The small rally from 3.25 can't afford to tire out here. I'm looking at how an upwave from 3.25 could develop into a rally recovery, and establish 3.25 as a Bottom , we need to see the pattern reach the mid 4's at least. A support shoulder could develop here around 3.60, etc, ... we really need to see several days with higher highs and lows climbing. There hasn't been any signs of rally until now, when this week gave us 2 small bounces to 3.75 and a glimpse at 3.50 support for a chance to hold.
I don't mind buying more shares under
3 dollars . And when the rally time comes, I have a bunch to sell at 7 or 8.

I've put the clown on ignore now. Like many people have.

Watch the price action , clown. See if it's understandable to you. If you don't understand what it's doing, read my descriptions. This is my last attempt to help you stop your mind game. Good luck.
Today's tight range between 3.55 and 3.75 is the battle zone I described. The small but significant rally over 2 days, from 3.25 to 3.75, didn't continue today. It has to try again tomorrow and this week, as Price won't stay at 3.65 for too long before it makes the next important move. Important for shorts and longs. Because shorts have to stop continued rally now, or else they'll be looking at prices around 4.00-4.50 . Would they be ok with that? Conversely, longs have to rally again now and break through this 3.70 barrier, can't stay stuck here or shorts can roll it over and send price tumbling down again. So, right here is a key battle zone for the price action. Target up is 4.35 area. Target down is 2.90 area. But this next move starts here in this 3.50-3.75 zone.
The stronger trading force, mm manipulation, computer bots, or eager investors, will demonstrate where they want the direction
to go this week, continue downward, or develop the bottom at 3.25

Brief price action comment for today...
Yesterday's bounce peaked at 3.75, pulls back to pivot at support 3.55, and bounces to a key step Resistance at 3.65. This is the battle zone I described in recent days. The place where resistanceover and and selling could make price roll over and start the next downwave. This is a battle zone at 3.50 support, 3.40 support must hold in order to keep any rally momentum, and maintain 3.25 as a Bottom. Watch this battle zone. The winner could see an 80 cent trade target. 4.30 for bulls or 2.90 for bears.

The week starts with a follow through bounce.... pushing past the first resistance zone around 3.55, hits 3.75 resistance, pulls back , now testing 3.50 support. Resistance overhead can still be 3.65 roll over, and tumble down, but resistance steps above that...looks like 3.80- 4.00 target area.
The current upwave/rally developing, early still, but 2 bounces are looking better than only one. Climbing back up 10 cent steps, looking for upwave target steps now, so long as support holds around 3.40.
I still don't think 3.25 will be the finished Bottom. So I'll be watching for resistance to cap somewhere, (3.85-4.00 area) and price to roll over and start tumbling again. But... today's follow through to make a real bounce, now 50 cents above the 3.25 pivot low, is starting to look like a real rally. Bearish bias is changed to neutral for me now.
Let's see how tomorrow goes and the response from shorts and traders. One can look at the larger downwave from , let's say 6.75 to the 3.25 Bottom, a drop of 3.50.... If we saw a fib retrace 50%, we're looking for a rally to retest 5.00 before becoming serious as a possible Bottom confirmation at 3.25. I.e. several more rally waves needed to start seeing a trend change and rally recovery. There will be good clues to observe now along the way, but a lot more chart watching to do from here.

I agree with your thoughts, John. We're buying core shares down here. But I have some trading shares I bought too soon in a different cycle, I'll need to sell when the right time comes. And yes, let's hope for a good medicine to eradicate ALZ. I still believe in Anavex science, but the FDA corruption is a bit concerning. Look what they've been doing with the big phrma and vaxx operations, and the revolving door for executive employment. Conflict of interest much? Anyway, have a good weekend.
.................................
Price action today.... no rocket ship bounce from the 3.25 Low.... could we see that as a bearish clue? Don't the computer algos see 3.25 as a great place to buy? Today fluttered a small step but stayed capped around 3.46.... I was seeing 3.45 ,3.50, 3.60 area as Resistance to watch.... gotta keep watching it for the roll over and tumble. Not much else to say about today's lack of movement in either direction. The computer bots are waiting for the next trigger, whatever it will be. 3.40 could develop into a support shoulder... IF we see another rally climb to 4 dollars. > And pullback to retest a 3.40/3.50 shoulder. There's a pattern chance to see how 3.25 would develop as a finished bottom.
But, my money is still waiting for 3.00 target zone, 2.90/2.80 maybe even 2.70. The resistance overhead around 3.50 is still the next thing I'm watching.

I agree with you about the mechanical computer trading system... but I believe it's still possible to watch and see what those trading bots are doing, with their trading, algorithmic movements to math targets, it's got to be running on some programmed data... makes decisions based on math algos, etc, you can still examine all of the price action and find patterns and targets. If anything, it might even be a more precise process because it's computer programs, programmed to trigger by design. I believe the trading program includes Fibonacci math among other equations. I like the data that you watch. As well.

Fren, you have to do a better job reading the details of my commentary. Understand what I describe about the price action as it tumbles down to a target, as it bounces up, or doesn't bounce up, if it bounces, where does it hit resistance, did I forecast that resistance zone, you have to watch the price action, and see where the resistance zone is, and the support steps, and the trade targets. Today was a target step at 3.25. Watch what price does tomorrow, and we'll talk again.

Yes, clown...look at my response. Pay attention to what I describe. You can do it. I have faith in you. I describe the puzzle game. In clear detail.
Watch the resistance overhead now. 👍️

Price action today....
Puked out at the open to finish yesterday's tumble... hit the 3.25 target step and bounced back to the 3.40 , let's call it first resistance now, and then finished the day hanging there. What could we see tomorrow to finish the week... well, finishing the week doesn't necessarily mean finishing the wave pattern. And this one now looks to me like it has a chance to keep playing out for several more days , developing the chart pattern. By this I mean ... starting with the spike pivot low at 3.25, it bounced back 20 cents and made an impression. The 'spike tail' it made on the candle often happens in a "bottoming" pattern. Maybe a few similar spikes to come. But in the overall downwave, we must wait and now watch what happens at the resistance zone, like what's happened since the 6.80 peak, the bounces hit resistance, roll over, and tumble down lower. This pattern hasn't stopped yet. Now I watch the next resistance from 3.45-3.55-3.60 area to see if selling force attacks there, and sends the price tumbling down to lower lows and the main target around 3.00. I like 2.90/2.80 as well. But step by step, it bleeds down to develop a finished Bottom, until Good news stops the bleeding down game. Here at resistance 3.50, a balance point, the next key trade targets look like 4 dollars or 3 dollars. The downwave move would look on the chart like 3.85 to 3.00 and the 'upwave' move would be 3.25 to 4 bucks.
Do you think 3.25 will print as the major cycle Bottom? Mmmmm..... 🤔 ... 🎱...🤡 ... 🧐 ... I dunno... I'm still thinking 3 dollars, 2.90,2.80... let's see how it goes. First... we watch the resistance overhead, and if price gets whacked down from there.That would be a fair clue.

🤡 🧐 ....I see Everything, clown.
How does the fundamental and business picture look to you? I actually read and value your input among the fundies. I try to learn what you all talk about.
..............................
If price continues lower, toward 3.00, and lower, are you buying any?

Yep, I like the 2.90 target. And 2.80.
But right now, I want to watch what price action does for any bounce at 3.40. It might give us some clues for direction from here.

@Catdaddy, ... as far as maintaining my investment in Anavex, I'm still bullish, and still have a manageable position. I was looking to add a few thousand more shares if the price tumbled down like its doing, so I'm watching the price action for clues. I've been able to see what the downwave has been doing since the last major peak rolled over at 6.80. I got fooled a little when it bled down to 5.00, it looked like 5 could hold, so I bought a little there, and 4.70, and that was my last purchase. All the target steps going down from there, I watched and decided to pull away bids, target stepsin the 4's. I said back then, if the triple bottom 4.80 breaks down we could see an accelerated tumble into the 3's. And here we are now. I didn't buy the 4.00 target, and not today at the 3.40./// But having said all that, I'm watching even closer now, if 3.40 bounces, watch how high, or how weak, and would it roll over, just like 3.60 did, ...I would like the next targets from 3.25 to 3.00 to 2.75 I will buy some there. But managing the investment now, I'm always careful to buy in small pieces at a time, I'll add larger portions below 3 dollars. I will also need to sell a bunch if/when it gets back to 7 or 8 dollars, but that just what my investment needs for balance.

3.40 might be an ok place to start buying. I had placed some bids there a week ago, but a few days ago decided to pull them and wait for something closer to 3 dollars. It's a gamble . Sometimes I buy a step too soon, sometimes I wait too long and miss the bottom.

Yesterday I said... watch the resistance zone around 3.80, to see if it gets hit and tumbles down to continue the downwave to lower targets, and this is what we got today. The 3.40 target step is hit. Remember the other day, I didn't think 3.60 would hold as a major bottom. This is bottom fishing time for AVXL investors and traders. Technically, 3.40 is a fairly big target because it's the 50% haircut from a major resistance peak at 6.80. The intermediate longer term chart picture, that started collapsing in January, from 10 dollar area, reversed up from the 4.80 zone and then peaked at 6.80. Here we are now at 3.40. I might pause here to watch and see whether a bounce happens now. But even if it bounces here , my sense is still looking for a continued downwave to reach what will become a cycle bottom. I don't think 3.40 is it. Fine tuning the chart picture, the timing of coming days, hedge fund rebalancing, lawsuit baloney news, cycle bottom price targets, ... we're in the old bottom zone again from 3 years ago. Bottom fishing can be tricky.

I agree. And that's why now is bottom fishing bargain hunting time. , IMO.🎣 🙂 🎱 🤑
.......................................
Today opened with the bounce in the rally direction, but was erased just as firmly, back into its neutral balance teeter tottering position around 3.70. This resistance zone, 3.75-3.95 remains a danger zone. A strong push by shorts again has potential for a 1 dollar prize at 3.00-2.75 target zone. Looking at the chart patterns, you can see all the trade subways from peak to pivot low, 60 cent, 75 cent, 1.00 moves, etc, patterns. Small bounce patterns, roll over and tumble down patterns. There's another downwave pattern waiting, if shorts/ trading algos are set to blink and fire the signal for trading attack strong here around 3.80 area. It's a money making game selling AVXL at These times. I'm ready to buy 3 dollar, 2.80, 2.70. Might nibble at a falling knife 3.27. Bargain shopping can be sorta fun...🫠 🫣

Yes... lack of buying interest, alongside an abundance of successful short trading. It's just a question of how Low price can be bled down.

Price needs a bullish bounce tomorrow, right now and needs to climb to reach 4.00 to begin recovery from a 3.60 low. If 3.60 were to hold as a cycle low.
Tomorrow, watch the open and first 2 hours, for any continued tumble down to test 3.60 and break lower. Target steps bleed to 3 dollars if it falls. The bleeding down game continues until the bottom zone is reached and until good news comes. Which could include lawsuit dismissal.
But for tomorrow... watch to see if 3.60 is retested, then 3.70 fails and price tumbles down through the week, to the lower targets. Everyone here is just posting emotional venting and bickering, completely useless, while the wall street trading computers keep generating the bleeding down game. Find your buy targets, find your put targets. Watch the price action and get away from useless venting. Trade like a professional. Watch the price action and chart patterns of support and resistance steps, have a plan to execute when your targets arrive. Make changes and adjustments along the way as the dynamic price action gives clues. Tomorrow will give some more clues. Everybody stop bitching and bickering. Y'all sound like amateurs and noobies.

It's bottom fishing time for AVXL.
I'm watching for the next downwave, into the zone (3.40 to 2.70)

Realscotsmith....no, I don't know what you're saying... come again.??
You saying IPIX ?? I haven't traded it in years. Should I go look?

Another week is finished. Price bled down about 80 cents from the 4.40 resistance roll over. The downwave before that was about 1 dollar , from 5.20 to 4.20 area. The patterns are discernable, and without Good news... should continue the downward selling manipulation game, as long as they can accomplish it. Now, ask yourself, is today's low at 3.60 the finished bottom target? I don't think it will be. How many more weeks or months are left for shorts and index funds to sell.Will the selling of 8 million shares become the nice falling knife to catch the bottom ? How will the bleeding down game continue in the next few weeks. Where is the overhead resistance now that would roll over and begin the next downwave... 4.00 to target 3.20 maybe. 3.90 to target 3 dollars, maybe. Etc. What would be the reason why today's low at 3.60 should hold as the great cycle bottom now. ? I don't believe it will.
Next targets to watch are the resistance roll over around 3.90- 4.05, and then the bleeding downwave resumes, target 3.40,3.30, 3.20, on to 3.00, overshoot to 2.87. The 1 dollar move from 3.90 to 2.90. Or the 75 cent move from 3.90 to 3.15 area. The magnetic target is 3 dollars. The pattern target is 2.80 area. Why 2.80 ? Because all the previous resistance peaks have centered and began tumbling, from around 6.80, 5.80, 4.80, 3.80, so I see 2.80 as a pattern /algorithm target . We are Bottom fishing . Bleeding down game continues until good news stops it. And mind the impact of index listing and rebalancing procedure. Catch the falling knives.
3.60 is not the final target bottom. (3.25/ 3.00/ 2.75) is becoming visible through the mist.
Another roll over price pattern to notice... 6.20/5.20/4.20... look at the chart... target 3.20 up next. Maybe, says the magic 🎱 ball
Oh... and what's this, about the lawsuit?
Oh, magic 8 ball, what will happen next? 😸

I'm in the same boat with you. Adding as it bleeds down. Glad I pulled my 4 dollar bids away, now 3.60 low today, didn't reach my 3.50 target. Now I changed that bid to 3.40 and 3.30. This is heading to 3 dollars maybe next week, or early May... looking to buy larger pieces around 2.80. A veteran trader can learn to enjoy Bottom fishing.
Just don't look too much at the evaporation of the 300 thousand gain that we had 3 years ago.... we're starting over again. But now, my gold and silver holdings are up alot, that compensates for it.

Yes, I agree. Thinking any big drop down into that zone in the coming weeks ,3.00 to 2.00 area might be a quick plunge and sharp bounce back up. The kind of spike that gives traders one hour (or less) to catch it on that day, gotta be watching the market open and stay focused. Catch the falling knives.🗡️ 🎯

Thanks for this info, Doc, it's helpful. 👍️ Are you able to extrapolate from this how the selling process might go in these next few months. It seems we're likely to see more selling, required selling, but I imagine that the selling once it achieves it's "balancing"... could that mark the finish of the bottoming process . Looking at 2 separate indexes, 2 different time frames and 2 different price levels. is the puzzle you're describing.? 🤔

@ Atilla, well, now we're describing the old great bottom zone from a few years ago. I'm thinking I've seen old pivots that bottomed around 2.75, and of course, the greater bottom that bounced and held a few times at 2.25 area, then a rally off that bottom zone, hit resistance around 4.00 area and pulled back to hold at 3.50 and then went surging to 8.00 then 11.00, then 16, and on to 31. This bottom zone picture from a few years ago. I think stockcharts can pull up that time frame and show the key target steps. I'm glad I pulled my 4.00 bids away the other day. Resubmitted them at 3.50 to start buying a little. 3.53/ 3.18/ 3.00/ basic targets, then 2.75, and gee whiz we'd be at the bottom zone again without waking anybody up. 2.90 or 2.80 , it's in the ballpark. My approach is to buy in very small pieces at a time.
Do you think we'll get a small bounce tomorrow?

Thanks for expressing the negative bias side .clear and without any positive. Is that right? Nothing positive and hopeful?

Very sensible viewpoint. And with price manipulation heading toward retesting the bottom zone (4.00-2.00 area), for no rational reason, ... it's basically bottom fishing time.
🎯

Magic 8 Ball says...
Count on it.
Bleeding down and tumbling down, and bouncing a little to load up and Bleeding down and tumbling down... into the 3's, how low down, 1 dollar targets from all the resistance peaks, 4.75 to 3.75, 4.55 waits for 3.55, /3.40,3.30, 3.40, 3.30.... 3.40 is a special target partner for the far away 6.80 peak, the last major rally peak that rolled over , it would be a 50% haircut. 50% haircuts are us. I pulled away my 4.00 bids, looking at 3.50-3.30 now, not advice for others, just my own magic 8 ball. 🎱
The major cycle Bottom Zone is 2.00-4.00. If I didn't own any, and wanted to begin investing, I would start slowly nibbling at 4.00, and not buy any above 4.00, and I'd add pieces as it bleeds down steps, 3.75, 3.50, etc, down to 3.00 and more in the 2's. this is only how I would invest. Then wait for great news. Maybe when the lawsuit gets dismissed, we will see a Bottom and a bounce. When will that be?

No, my chart for AVXL was never predicting world events. Your comment is all twisted. I've had my feelers out for a few years about disaster events that could trigger market crash, but nothing has happened in 2 and 1/2 years. BUT... folks are watching the world events now, with worry. Could world events be the trigger that sends AVXL Down from 4 to 2.50? It's possible but I'm not forecasting that on my chart watch. I'm just looking at daily price action. And the way AVXL continues to bleed down.

Outside factors influencing AVXL price, I'm not really worrying about political events, or contrived market plunge, which I don't think will happen, but maybe the contrived lawsuit against AVXL when it gets dismissed, maybe that little bit of good news could set a bottom somewhere, and create a bounce with enough strength to reach 5.00 again.

Trading game is tricky isn't it. Even good skill might only be right 70%. 80%.
Today, ends the week seeing the bounce at 4.50 Resistance, tumble right back down, completely erasing the bounce. A bounce from a new cycle Low. Is it fair to say, right now, in a news cycle drought, with many weeks of waiting time, the price manipulation is bleeding down, to develop a cycle Bottom for 2024. This bleeding down game can continue to tumble and bleed like this for many weeks more. A few years ago when the same pattern was developing to establish the bottom zone around 2.20 , zig zagging from 2.20 to 4.00 and in the 3's... how many months did that take. Targets in the current picture, in my view,
Down goes to 4.00, every 10 cent step to 3.50, I want to wait and see if it reaches 3.50. before considering 3.00
Upward direction from here, if 4.20 holds.... Resistance every step from 4.40 to 4.80 // and reaching 5.00 would be a bullish looking bounce. Today, the selling force looked intent on destroying the small bounce. I see NO sign of any bullish momentum right now. Resistance overhead, at 4.80, is major barrier to watch

Noted, but real investors also get in at the bottom.and buy at bottoms, and even sell some at the tops.

Today we get a bounce...
From the 4.20 step, to 4.50
Let's see if it rolls over and tumbles down some more. Resistance steps right here at 4.50/4.60/4.70/4.80/4.90 ....all resistance area, basic support/resistance game. Why would the trading systems make a finished cycle bottom reversal at 4.18, instead of bleeding it down in the next roll over and tumble to target 4 dollars. ? I don't think it would choose 2 steps above 4 dollars to make a major bottom. How many days and weeks time do the trading systems and short traders have to play the game and take it as low as they can? Bleed it down 30 cents, 40 cents, 70 cents at a time.... 60 cents down, 30 cents up, roll over and 50 cents down, 30 cents up and roll over and tumble 50 more down. Step by step, until they reach the Finished Cycle Bottom. It wasn't 5 dollars. I don't think it's 4 dollars. Maybe 3.50 ish? 3.25 ... ish ? Too early to say 3 dollars. 4 dollars is a buy target. Like 5 dollars was. The truck starts to load up at 3.50 and below.

Another day of price bleeding down.
It's heading to a target. At some point, the market makers and the trading computers will determine a finished Cycle Bottom, and that would be the bullseye bargain bottom to buy. The one just above it would be ok too, as a step too soon. How many weeks and months remain for this bleeding down game to continue unabated ? ... until we get Good news.

Price seems to be slowing in movement tight now, bleeding lower still, but looking like a train slowing into a station. Here at 4.25 /4.30 area. A good place to create a Shoulder, for the next drop to 4 dollars, as the head, .... and a starting point for a bounce... IF that's what the wall st.. trading system intends to do.

My post was better than yours...
You got 3 poops and 2 clowns. I got 5 poops and 4 clowns. I win. 💩🤡. 😸

The price is bleeding down, bouncing to load up, roll over and bleed down lower. We've seen this trading game for years. Technically on the chart... the latest longer term chart, (1 -3 years) established a double Bottom zone held at 4.80... but now, once that support broke down, it's a new picture, and looking to reset a new bottom zone for the big picture. The question is, how fast and furious, or how slowly over weeks and months, will it go to reach its next major pivot bottom. A few years ago the bottom zone was around 2.00/2.25/2.50. I can only see a few target steps ahead of time as they come.
The next targets look like 4.00 and 3.80 to me. 3.50 is starting to appear thru the mist.
Today plunged to 4.34, bounces a little... it's a classic looking bleeding down game, rolling over at the resistance bounce and bleeding down lower. That's how shorts and sellers are passing the time while we wait for Good news.