Anavex Life Sciences Corp (AVXL)

[123tom]

what do you make of this rally pop Atilla?

is it a false "Rally" from a newsletter promo? or a rally generated by the big money powers because their trading programs and analysts decided to start the rally now?

You volume watchers, was there great volume buying on Friday morning at 3.75 ,and noontime at 3.85? was there great volume buying today at 3.95 thru 4.00?

Will support hold now at 4.25 area?.... and surge another 40 cents to the 4.65 target ?
and will it be proved real . (holding at 4.25 area, continuing to 4.90-5.00), or will it get taken down to 4 dollars and start all over again.

theres a lot to study in the chart now.

Last week , it was in the process of developing and finishing a pullback retrace. Maybe it did finish at 3.71/3.74 on Friday. but today, IF the surge was only because of newsletter promo pumps... I don't trust it .IF it comes from Big money powers deciding its time to make a rally...I will trust it better.If it proves a false breakout, then it should come back to the 4 dollar zone again. IF it is real it should hold support around 4.15-4.30 area and target 4.60-4.75 area for the next move. struggle there, maybe climb to 4.90 and falter there. might finish the rally there ,at the 200ma. a partner pullback should be expected there. retrace target from 3.33 to 4.93 would target the zone around 4.13 . (4.32-4.13-3.94)

...and if it 's Really real, the real upwave should target 5.20-5.60 -5.77 area