Anavex Life Sciences Corp (AVXL)

[123tom]

Still looking downward to me

resistance capped at 11.80 and 11.25 step gets tested again.
The rally didnt start at 11.50. to reach the 13 target yet. Maybe 11 dollars will find bottom again. But I'm already sensing the mid 10's coming. They are bleeding AVXL down, a game we have watched for years. But having held it in this bottom zone around 11.00-11.25 several times.... are they going to make us fools this time,I wonder.
Very cautious here, watching this 'bottom zone' price action.
I have some 13.30's to sell and get my money back when the time comes.
Technical buying at 11.00 area is almost an automatic if I go by the chart. but my gut says theyre going to begin the extra bleed to 10.Would they try for 9 and 8 ?? is the question
a neat haircut 50% from 16 to 8. What has kept the bottom at 11 in the last few months? is it just wall street,MM manipulation?
The 11.50 bounce became very weak.Thats not a good sign. Now 11.25 will show us what strength it has. So far ,not much.
Testing the 'bottom zone'