Anavex Life Sciences Corp (AVXL)

[123tom]

I think the 16 area is
a target in play also, step by step. but not sure it would hold there. its a big shoulder zone area at 16. In the larger chart picture, 16 area has been the High. now it becomes a big support shoulder to watch. I like 16 as a target zone. but just wanna be cautious. Hard to forecast how far down this could get taken.
50% haircut yes. happens alot. Wheres the best bargain zone going to be.
Up to this point, as the downwave has been happening, the basic zone to watch has been the 22 to 17 area. its reached that low end now. So I'm watching the bounce and it hasnt been too strong so far.