Anavex Life Sciences Corp (AVXL)

[rayovacAAA]

What is disappointing this week, is that there WAS a chance for a rally pattern to develop in the last several days, IF the buyers had stepped in and rallied price to 3.0, and some momentum got going. The technical chart pattern started out with this potential, but quickly aborted the bullish idea.

So this week, nobody was eager to rally AVXL.

Without a wildcard (partnership or buyout), it will be MONTHS if not longer before any trial news is released that will increase the SP long term. Retts announcement will be a short-term spike followed by another sell-off. It will be nothing more than another opportunity for traders to make money on the backs of the company and longterm shareholders.

That's why I have committed my money into AVXL through 2020. Those who think week to week with this stock are in for a ruff ride.