Anavex Life Sciences Corp (AVXL)

[123tom]

Looks like AVXL wants to retest the 2 dollar zone

does it have the strength to get there. I wonder maybe not today but next week. If buying momentum dries up here just below 2 dollars it could generate renewed confidence in sellers to try slamming it down again. AVXL will have to show its new found support strength in the next pullback if it starts from here,and 2 dollars starts looking like a capping zone. the pull back will need to hold that critical 1.50 area,in my view. nothing below 1.40 next time. Ideally the support at 1.60/1.55 should hold. 1.40 becomes stretchy.