Anavex Life Sciences Corp (AVXL)

[123tom]

Recovering the previous rocket surge to 28
but this time with the science and news catching up.and big investors catching up?
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A nice moment to just celebrate success happening. At some point, the technical chart will develop again with new numbers,as it has been.
From the bottom in recent years we watched price play around 2 ,3,4 dollars, with a dream of retesting 8. Then that changed this year with a blast to 11 then 18 then 25 and 28, and the pullback came down to play around 10,11,12,13 up to 15 and 16.

Now the pattern starts to redevelop that surge to 28, and if the Fib math patterns would offer any clues, we can watch these areas for math targets.
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This math picture doesnt suggest it will stop soon at a 21 pausing station, but only that the math patterns, Fibonacci math, has these patterns that often do represent some natural energy flow. Fibonacci math is considered a sacred math and geometry,but thats another debate for another time. Today is a happy day for enjoying the ride in the upward direction.
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So price had been playing around a Range Pattern from 11 to 16 and then 16 down to 10 and then back to 16. That was a Range Pattern to study.
One view of this picture, is to measure (with Fib mathtools) the wave from 11 to 16 as a First (Elliott) wave, to begin the larger picture of the next levels of upward movement, on the Fibonacci pattern, it looks like this. and From measuring the move 11 to 16 ,and then 10 to 16, you get the targets here at 19-21 area as a (Wave 3 zone) and a Wave 5 area around 25.
Basically its redrawing the map to show a recovery rally to retest that 25/28 peak from last time.
I dont know if it will hit these targets or go higher. I rather sit back and follow what Falconer and the other brilliant science folks have to say.
I'm just showing the math price chart because thats what I do with charts. for those who like to look at the price and trading chart picture with this lens.

Its a nice day for the portfolio and for the success of a good medicine,with hope to help people suffering. I believe we will see continued success as our science experts describe.
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In that last super blast that jumped to 28 dollars, what were your thoughts back then, aside from "Wow, look at that!" which is what we're saying again today. Did you take any profit when it hit 20/25/28? or when it started coming down 25/21? Did you imagine it would/could fall all the way back to 11 and then do the Range pattern from 11 to 16 up and down like it did, Did you anticipate that 11 would break down and fall to bottom at 10?
IF you knew it would fall from 28/25 all the way to 11 and wallow around there for a while... would you have taken more profit at 28/25? I would have. But thats the trading gambling game.
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I'm looking at this current zone around 21 as a station to pause, maybe try to pull back and retest 16 area, I dont know if it will. But beyond the 21 pause, I see the math target zone is looking at 25 area as a resistance target to watch.
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What will the MMs and the big money players do with this surging rally this time? Would they slam and bleed it back down like last time?
Somebody has to spoil todays euphoria and ask that annoying unhappy question, and I guess thats my job.

I'm just watching where the next few days and probably all week and the next few weeks do with this wave pattern now.
A few weeks ago when price was struggling around 13 and 15, I sold some trading shares. and of course I wish I hadnt now, but thats the gambling game. Good luck to everyone.
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nice surging blast today chart lets see how similar or different it becomes compared to the previous one.

Rocket blast
to retest the previous one and testing the old pivot energy steps. 18/19/20/21/22 area 25 28
watch the 21 and 25 area to feel the energy there.