Anavex Life Sciences Corp (AVXL)

[Rising_Sun]

Here's some technical analysis of mine (Daily Chart) showing positive signs as of now: (Sorry, don't know how to put chart into posting)

- Daily MACD crossed signal-line and started moving upward toward zero-line.
- ADX peaked at 41 and dropping down. If it continues to drop (hopefully), then it indicates the end of downtrend at the peak and expecting to see a new trend starting around 25 ~ 30.
- OBV moving upward, meaning more buying than selling.

These are the three main indicators I am watching other than volume and RSI.

At this moment, I am seeing the beginning of the new uptrend momentum for the normal stocks. I am not sure if this will be applied to AVXL or not.

I believe this is a good timing to drop one PR to fuel the uptrend momentum. This should be the strategy which has better chance than releasing the same PR on the downward trend.

If I were Missling, I would spend extra effort for some efficiencies in Stock Price management...

Let's hope that the new upward trend has just started...

Good luck to all.