Anavex Life Sciences Corp (AVXL)

[123tom]

Right now, among the many trading questions....


one of the main questions, first things first, the current reality.
1) What was the slam down last week from the 5.90 area to the 5.10 low. ? what "caused" that?
2) If it was a short attack, can and will there come Another one at some point?
3) IF the answer is yes, we will see another short attack, Where on the chart pattern are the most likely resistance target areas where the next attack could begin ?
4) I show resistance target danger zone from 5.70-6.00 as the primary area.
The current lower resistance zone here at 5.45-5.65 is also a danger area, That's why its important to watch all the price action , and see what the resistance looks like, and notice how the price got punked and slammed down in flash plunges 20 cents at the 5.45 area and 5.55 area, and these flash dumps can continue as well, all around this battle zone (5.45-5.75)

5) but the main question I have is ...Will the mm's , wall street bashers, traders, HFT computer algos, flip a kill switch and try to attack AVXL again?? can they take it down again to retest the 5 dollar zone?


6) How will the MM's play and manipulate this price action from here now?

7) Will we see a 'short squeeze' now? will we see a surging rally rush up to target 6 dollars soon? (Am I making a mistake to expect a slam down at 5.80? I might be making a mistake)should I wait until 6 dollars? so I can make a few hundred dollars profit , or play it safe and just get my money back at break even and be happy to have a lot more dry powder. what would my old portfolio manager say? he'd say get rid of AVXL altogether and buy Amazon.

That's why we got rid of him.