Anavex Life Sciences Corp (AVXL)

[123tom]

So technically in 3 days...

lets say we get a continued rally pop in the next 3 days to reach 2.75/2.80 area, what do you anticipate happening there, at such a resistance target? stronger selling jumping in, seems logical. The question for me is how strong will the pullback be if that happens, and will the Basic Fib retrace target zone around 2.35/2.25 hold strong and establish the bottom zone.? bouncing up and down various stair steps. the bottoming process takes time to play out.
Bouncing from 2.80 down to 2.30, bouncing up from 2.30 to 2.60. bouncing down from 2.60 to fall to 2.10 ...so many target steps in the game. before a bottom finally settles .
I'd be happy enough if this 2 dollar zone holds as a certified Bottom.
Watching now, these bounces and pullbacks play out in this playing field from 2 to 3 dollars .... maybe time to watch this training video again.