Anavex Life Sciences Corp (AVXL)

[jimmy667]

FLETCH & XENA IBB XBI AVXL are BREAKING OUT! Along with the market as a whole. XENA you have been looking for forensic evidence that AVXL is being accumulated by Institutions. You might see some evidence in the charts of AVXL XBI IBB $INDU and SPY. Why? Because the Biotech ETFs and Market Indices indicate the flow of Institutional or "smart money". In the past AVXL did not follow the market. NOW IT DOES! Indicating the price of AVXL is following the pattern of Institutional Investment. Look at the patterns of each of these on the stockcharts.com Gallery View here: (just substitute the tickers in the Gallery Veiw box and pay attention to the P&F chart for simplicity)

http://stockcharts.com/freecharts/gallery.html?s=avxl

Finally Fletch for a near textbook Cup with Handle in final formation stage look at current Dow Bell Weather BA. Why is this important to AVXL? Because the failed short attack on BA Feb 10-11 resulted in the current tradeable low in the broad markets and AVXL has not come under sustained short attack since. From 2-11 to 3-21 renewed interest in BA lead the DOW back up same as it lead it down prior to 2-11. The Biotch sector IBB and XBI lead the markets up prior to the most recent correction then lead it down and now are both FIRMLY BREAKING OUT.
GO AVXL! Evidence seems apparent to me that now the share price of AVXL is closely correlated to Institutional appetite for equities and Biotech in particular which tends to confirm XENAs thesis that AVXL price is now driven by the Institutional longs.

ALL THE CHARTS ARE LOOKING SUPER! Go AVXL and good luck to all!