Anavex Life Sciences Corp (AVXL)

[123tom]

ziggy...I might agree with your idea...
it would make sense that we see a 'run up' ahead of the next "news" release. and of course thats what happened the last times we saw the price make these runs in months past. But those surges got badly Hammered down back then, do you think we might see the same kind of shorting Hammer if this week, makes another run into the technical Resistance ?
I wonder what kind of selling pressure might slam it down again from that shoulder zone if we see a pop that runs right into that wall.around 6.60 but even before that is the 50ma at the 5.50 area....
just like what happened in the last big rally bounces. at 6.75 ,a whipsaw down , then at 5.80 , a whipsaw down.
Now, after spending a long time wallowing in a bottom zone below 4 dollars....we begin to see a rally take shape.Is this upcoming news going to be perceived as so great that short attackers wont try again to sell it,when the right time comes ?

In the simplest way to see the chart , you can see a bottom zone around 3.30 and a double would take price right to that Big shoulder resistance area at 6.60. That 6.60 area has to be considered a big resistance zone that could generate the next shorting attack. I think the entire area from 5.50 to 6.75 is a danger zone waiting to get attacked again.but I could be proven wrong of course.