Anavex Life Sciences Corp (AVXL)

[falconer66a]

Been watching the trading range.

I’m no technical analyst, merely a common retail owner of AVXL shares (because I understand the revolutionary biology of the company’s molecules).

Appears to me that AVXL has traded sideways for a few weeks. No declining nor ascending trends. Would like to hear what the tech analysts think this means.

For me, it means that the majority of AVXL shares are now in strong hands, held by individuals and institutions looking beyond the regulatory and clinical results horizons, confident that future share prices (and perhaps dividend returns) strongly suggest long-term holds will be the most profitable actions with this equity.

I’m holding my shares, and will not cash out any until at least the high double digits. (And when share prices ascend to those lofty levels, new substantiating clinical results and other solid-science info might project or forecast 3-digit share prices.)

I’m pleased that there have been no persisting sell-offs into the 3- or 4-dollar levels. Again, seems that few shareholders want to liquidate. Presently, no cheap shares are being offered. The vast majority of AVXL shareholders now see that Anavex Life Sciences has a remarkable future beyond the near-term investment horizon. 2018 is going to be very interesting, very rewarding, I believe.