Anavex Life Sciences Corp (AVXL)

[123tom]

The morning blast up

broke right through the 18 resistance ,strongly, then came back and held at 18 and climbed strongly from there.
That resistance shoulder zone (18-19 area) has now turned into a support shoulder zone to watch for holding.
Too soon to guess about longer time frame patterns, but is it possible we could see a Range Pattern develop again, only 5-6 dollars higher than the previous one. ? IF 22 gets capped and gets taken back to 17, and climbs back to cap again at 22,then we could be seeing the Range thing , but 6 dollars higher. but too soon to speculate on this just yet.
Would the MMs want to keep this bullet train under control now so instys can get in at better prices?

The watch word for today, in my view was to see what resistance around 18.30 would do.
Now the watchword is to see if that 18.50 area becomes support for the rest of the week. 18 key support. 17 would start to look like a Range developing. next major math target is still around 25 but some measurements are starting to look at 30-32 area.
too soon to forecast that just yet.
Imagine these investors among you who own 50 thousand shares or more, watching your portfolio go up and down 200-300 K each day.
Stay calm and serene my friends.

AVXL breaks upward strong today