Anavex Life Sciences Corp (AVXL)

[Gator328]

It appears $2.25 is the new support, down from previous 2.80s but well above the low of 1.25. Decent stepladder pattern for long-term chartists.

Hard to tell what will happen with the macroeconomic climate, reports are that a currency war will push the US economy to the brink of a recession which may not bode well for AVXL, or almost any other stock for that matter, but assuming that the trade war doesn't escalate the chart show that AVXL has some open field in front of it to run if it can get back above the 2.65 area.

Many here will be pleased that this will be my final post. I've got some pressing health issues that need my attention and I don't want to spend too much time worrying about superficial things like my portfolio. Sold off my trading shares, holding my core position to the end. I've always tried to present the good and the bad with AVXL, and to offer my price predictions based on what the charts are showing. Some hits and some misses, I never kept track but hopefully more of the former than the latter. I hope you learned as much from me as I have from all of you.

Wishing everyone here all the best with their AVXL investment, and any others you may have positions in. Long term if you're looking for an Alzheiemer/ neurological drug company to invest in, AVXL has as good a chance as any and at these prices the reward certainly outweighs the risk.