Anavex Life Sciences Corp (AVXL)

[123tom]

I agree with your thoughts.

yes, that bigger picture. but only if its NEWS driven.
I am looking at the same pattern and those targets that are much higher ,like you said. Technical targets are closer to the 6.40 amd 8 dollar areas for technical wave patterns, but big news driven changes to the picture, are looking at 13 and 20, etc... like you said. I am of a mind now.... to remove some of my sell triggers at 8 dollars that I've had in the docket. and let some ride to those higher targets if we do get that news break.

But,price is still moving to the beat of technical math right now. The technical picture developing is following these tracks and is Not yet shattered .

some clever calculations around the 200ma balance point might offer clues for targets. 4.80-5.05-5.30 so far. fun with numbers.3.80-4.80-5.80
6.50-5.50-4.50
6.27-5.27-4.27
3.33-4.33-5.33
2.76-4.76-6.76
The caveman part of my brain likes to do that sometimes.

steps up and down are more volatile by the looks, 25 cent steps now. 50 cent moves. 1 dollar waves.