Anavex Life Sciences Corp (AVXL)

[123tom]

You were seeing the picture,Gator.

but I don't remember seeing any of your charts.

Please feel free to post what you like at my study forum.

You haven't posted that much at AVXL, but I can see that you have some good vision.

I managed to place a stink bid last night at 4.10, which was about the lowest target (4.00) I could see in the technical chart for this cycle. It was some Giant plunge that took it to 3.63 today.

Folks here don't like to see too many complex charts in this forum, but do feel free to analyze it with me at my forum.(or Here, till we get yelled at...)

Right now, as the dust and smoke needs time to clear and we watch what the 'recovery/repair' process looks like, I'm starting to see the new (reset) pattern target points on the chart, for the bounce, for resistance, for support , etc.... I agree we have to be onguard for another retrace to try and finish the 'bottoming process' The first peak and pivot and bounce coming off the 3.63 bottom, hit the 4.10 area and then held at 3.85 twice,as the first support step. There was also a pivot before that at 3.77

The current 4.00-4.10 area looks like the basic support zone to watch now. and overhead there is resistance at 4.30 area,the first rally peak, and above that 4.50-4.80 is the resistance danger zone for this first bounce to get attacked again. unless it starts lower, around 4.40
Remember back before the big rally to 6.64 started, there was a Resistance zone sliding sideways along the 4.20-4.30 area,4.40-4.30, and that's also where the 200ma was at the time. It needed to break above the 4.28 line I remember, and then as it did, we got the surge to peak at 6.64.

Now the same reset game starts all over again by the looks of this.

AVXL had not much of a day today for giggles and hugs