Anavex Life Sciences Corp (AVXL)

[123tom]

nicely done ,Mike....

Its a good guess.we guessed right this time.
Look at the last few days when it was constantly holding precisely at 3.70 as if 3.70 was really magic. I took that at some point as a sign of fakery setting up. They made it look like 3.70 must be a bottom. why does price drop to hit 3.70 so many times like that...makes you think that 3.70 is going to hold...now we see that little glimpse of how the price action tricky game works,to fake out people. I decided the other day that I wasn't going to buy 3.70 because it started to look phony as a bottom to me.
hitting the bulls eye at 3.53 was just lucky guessing,in the fine tuning ,the ballpark zone was 3.50-3.57 in that area,and it could have stopped anywhere in that zone.
Now I wonder if the caveman computer algos will give us that 1 dollar pop I'm expecting,or a rally surge of 1 dollar, and the target might be the 4.55 area instead of 4.75. its tricky to guess the tops as well. I think a big rally here,like that 1 dollar or 1.40 move.1.20 maybe..... like what we got last time from 3.11 to 4.28...it was actually 2 moves of 1 dollar each. from 3.11 to premarket 4.11 , then plunging down to bottom at 3.31 followed by the surging rally to peak at 4.28. a series of 1 dollar moves.
would we see the next rally start peaking at 4.50 area? I want to be watching the zone from 4.30 -4.60,that stretches to 4.80,and stays shy of 5 dollars.
IF AVXL rallies in exactly the same way it did recently, in those 1 dollar movements...we might see something like 3.53 to 4.50 then a pullback to 3.80 and a rally to 4.80
or a pullback to 4.00 and a rally to 5.00
Then IF we see another slam down, it could happen in those 1 dollar waves...all the way back to 2.80 all over again. or else IF the powers decide to hold support somewhere higher, I have no idea where they will set the bottom zone now... but my mind is fixated on this idea of 1 dollar movements up and down.

I'll be watching the resistance zone around 4.50 area now. It might pause at 4.30 again, hold support at 4 dollars , then try to surge and get as high as ...???? 4.50-4.80 and then watch out for the short attack. At some point these 1 dollar movements will become 2 dollar wave patterns....like the bottom at 2.76 to 4.76 is one. the low at 3.11 to 5.11 would be another one to 'see' on the chart.
3.53 to 5.53 is another one. its good caveman math.