Anavex Life Sciences Corp (AVXL)

[123tom]

seriously...it has to be noticed now.

if theres no more news momentum to propel buying, and shorting sentiment is changing and the short interest is growing , etc... all it will take is for this critical 5.50 base to Fail and that will trigger a cascade of selling, the target at 5.25 will become automatic and after that youre looking at 5 dollars.

Also, IF the resistance at 6.00 becomes too strong it could begin a downwave from there. watch that resistance zone overhead. and watch the strength or weakness of any bounce Now from this 5.60. It needs to be a strong bounce. that rallies thru 6 dollars at least.like the previous times. has to do it once again to regain the bullish pattern. Resistance around 5.90 is critical to watch for now. and gauge its strength as well.

But also, IF the institutional buying comes back in now at 5.60 to hold price here ,that may be ok for avoiding a great downwave of shorting.Maybe AVXL will play that card of having their financial partner buy the shares and sell the shares or whatever they have to do to hold the price here. Unless they don't mind seeing AVXL fall down to 5 dollars.