123Tom's TA study group

[123tom]

A look at Anavex now

(I understand,its ok, even without tremors, my own typing is awful)

AVXL
what it has done this week, made a bounce and then a retrace,and finishes the week stuck in a mud puddle closer to the bottom zone (2.40) instead of bouncing strong toward a rally target zone (2.80-3.00). So we have to wait and see if AVXL will bounce again, strong enough to target 2.80 and strong enough to hold the retrace at 2.55/2.60 and strong enough to rally again to target 3.00-3.20 as a finished real rally wave,from the 2.33 bottom.

So far, the price action has shown weakness and capping suppression below 2.50.below 2.60.below 2.80 , creating a downward looking bias. that could see targets at 2.00-2.20 get reached next week. UNLESS we get another good rally bounce that pushes into and thru the 2.80 resistance level. AVXL is not safe as long as it remains below 2.80 and 3.00.
Price action stuck in the mud looking suppressed.

There remains good news developing in the science while more and better publicity has to help the cause, but the price action remains manipulated and suppressed. so far.