Anavex Life Sciences Corp (AVXL)

[123tom]

It did gyrate more today but

looks like the gyration is in both directions in a big zone

From 3.20 to 3.53 and down again. We got the drop in the morning. I knew the 3.20 was a big target that could bounce, as it did. I didnt want to buy there. looking for a better bargain at 3.13, and now the downward targets are still in play at end of day and tomorrow. volatile gyration in a fairly big zone from 3.10 to 3.50. the stepping stairs down have an interesting pattern going 3.53/3.43/3.33/3.23 one more down hits a target step . for technical trade algos. at 3.13.

The up and down price action today looks like a stalemate in this major target zone 3.20-3.50 area. the volume to me looks like selling was stronger than buying, but others might know sharper details.

I'm just waiting for the targets to get hit.

Where this pullback Holds critical support,starts the next 1 dollar trade rally,in my view.

The last great support zone was 2.53 base. and now we get the 3.53 peak for that 1 dollar trade. 3.48 the other day was the same thing. its the 3.50 step.
would it retrace to 3 dollars now? or will it hold a little higher around 3.10. target hunting now for this pullback.
If it hangs around this 3.20 long enough it just might hold and start the 1 dollar rally from here.
The morning open has been a drop much of the time hasnt it.

MRKR 5 minute chart