Anavex Life Sciences Corp (AVXL)

[123tom]

10 dollars is a nice idea to hope for.
but getting back to reality, AVXL remains locked in a tight capped zone (3.40-2.90) and the MM powers are keeping it under control. Nothing to do except wait for the next tradable move. The 1 dollar rally is looking like 3.00-4.00, and the downward trade looks like it could be 3.40 to 2.80, or maybe 3.50 to 2.90. IF the MM's intend to do that.

just sitting and waiting in this 3.20 zone.

and the intraday pattern is a coiled triangle terminal now , around this 3.20 step. a rally could break higher from here... its a set up ok, but the MM's have to allow it. It has to resolve in some direction, the downward direction could drop to 3 dollars again. and the zig zag box could just rinse / repeat again.