Anavex Life Sciences Corp (AVXL)

[123tom]

The technical chart....




is following the technical tracks these days.
this 200ma at 2.80 is a big target....but trouble overhead that started at 3.05 area , is a big danger zone from 3.00-3.50 and all points in between, that could trigger the next slam down short attack. This support station here at 2.80 would be a great place for a bullish pattern to begin developing the 'right shoulder' , to match the 2.91 left shoulder, and IF this could develop by AVXL holding strong here at 2.70/2.80 area, then we could see a better bounce thru the 3.30 resistance wall, and climb the steps to try and target the 3.60-4.00 target zone.
a good 1 dollar rally. But if we see strong resistance very stubborn around the 3.15/3.25 area,and stays below the 3.30 wall, that would be a big warning for me, that the next 1 dollar move will be a downwave from 3.20 to 2.20

This ,in my view, is the central track on the technical map right now. 70 cents to 1 dollar Up, or 70cents to 1 dollar down.