Anavex Life Sciences Corp (AVXL)

[123tom]

The big surge today created
stairsteps of resistance and support to watch now.
and they look like the 25 cent steps to me now.
resistance at 16.00/15.75/15.50/15.25/15.00
price at 14.75
support steps at 14.50/14.25/14.00/13.75/13.50/13.25 and 13 dollars as the general low to call the current playing field. The larger wave went from 10 to 16,which places 13 in the middle as the 50% Fib target. there is a wave from 11 to 16 that can be measured as well.
There were several 1 dollar moves and 80 cent moves up and down in this volatile day. I could expect more to come.
In the past several months we have been watching a Range Pattern from 11 to 16 and back down. This last time it went down below the 11 bottom to stretch it to a 10 dollar bottom, but here we are again surging to a 16 top again. Will we continue to see a Range Pattern? How low will the next pullback fall down. Will we see the top of the zone at 16 get broken through to target 18 and higher? The basic 50 % Fib target zone now is 13 dollars, the old one was 13.50. The Fib target zone is 13.70-13.00-12.30 area. For measuring the wave that went from 10 to 16.

The Fib Arcs catch the precise points from 16 to 10 and 16 to 11 and 10 to 16