Anavex Life Sciences Corp (AVXL)

[123tom]

Compared to other news cycles
how would you rate the current one, to generate a big move back to test the top zone (15-16 area)
The chart picture I'm seeing (technical) is still dealing with the fact that the 11 dollar Bottom broke down to 10 and resets the picture to look at lower targets (below 15)a bias in my view, and what I mean is that the resistance steps overhead have gained a bit more strength... so that maybe we start seeing 13 and 14 acting as the next capping tops. for whatever reason. I also believe that the money controllers want to give the instys a chance for best entries. so maybe there will be some range capping, and this time, I have to start watching for lower top zones. Its an idea I'm examining, not holding stubbornly to, but when the time comes for the next news driven price surge... I have to watch what the price action does around 13 to 14 dollars. Its a gambling guessing game. I like the way the 10 Bottom jumped right back to recover 11 dollars and now climbs toward 12...thats bullish looking for this news cycle and instys buying to add strength. The next few days might tell us more.