Anavex Life Sciences Corp (AVXL)

[XenaLives]

120 minute chart - note volume remains higher than the last time the stock hit $6. A/D reflects a stronger attempt to knock down the price but it is holding the previous resistance area of $5.60.

I am hoping that we've gotten some more solid retail and/or insty buyers that have not sold, but are holding or buying. This will further restrict volatility.

Also notice how the EMA ribbon is expanding in a bullish fashion.