Anavex Life Sciences Corp (AVXL)

[123tom]

Frightening volatility and manipulation.






I have to step back and play the swing pattern.... the 4 dollar zone (3.80-4.00-4.15) is the pullback technical target zone BUT it might be unwise to just jump on the 4 dollar when it comes.The bigger swings, were showing on the larger chart pattern.... 3.40 area was a buy zone. under 3.80 is still a buy zone, but 4.60 is a resistance sell zone. In the middle is 4 dollars.
I'm just going to watch all this around 4 dollars , 4.25 , 4.15 see what price does. after that overhead now is a resistance shoulder zone from 4.40-4.60 to watch out for when the time comes. a bounce here could hit the 200ma and get Hammered by the shorts there to propel the next subwave Down again.

3.40 area was a fair bargain buy zone. 4 dollars might be uncertain here. Unless a Powerful force of Big money buying jumps in right here at the 4.00 support zone.