Anavex Life Sciences Corp (AVXL)

[123tom]

support at 3.35 is exactly what support
should look like in this pattern. prior to that 3.25 ,before that 3.15, etc.... and a retrace from the 1 dollar rally (2.65-3.65) targeted the 3.15. Precise math track pattern playing out.
retest of 3.15 is possible. but step by step to targets.
first 3.30 area needs to break down. then 3.45 resistance needs to get capped and slammed down again, then the lower target steps might get hit, step by step. But as long as the lows are higher and the direction is climbing upward, we havent seen any disaster happening yet. the current capping area is 3.65, but on the Elliott wave and Fibonacci patterns, this is precisely where the subwave 3 target zone is. (3.50-3.75)

not a bad place to take a little profit here, but the finish math target from this whole rally pattern is looking at 4.00-4.20 area.

Good trading to all.

watch the 3.50/3.45 steps to hold or fail.