Anavex Life Sciences Corp (AVXL)

[jimmy667]

Tom you were right on on the support step at 3.40 flat lined there most of morning on a beat dow of market today. Then blew up from there on huge volume spike as a watched big asks get slapped in fell swoops. Little volume in the holding collar between the big bids at 3.37 and big asks at 3.43 until the 25k share ask slap. 3.40 looks like fairly strong support for at least a few days. In your comment " I do not know how 200ma can not be hit." Of course you mean from a purely technical standpoint in a total vacuum of fundamental reasons.As short term tech traders for the most part completely ignore fundamentals. I am not saying that is bad and might be good for short term and especially day traders. But there are many fundamental reasons that may not happens some so strong no amount of short attack could stop such as positive fda action partnership govt. Grant ect. maybe others not envisioned at this point. We know the 12 week data will be released before the end of March if recent lows hold until then well then they may get left in the dust of time as the company is radically revalued by the market.