Anavex Life Sciences Corp (AVXL)

[123tom]

yes. it has a small mountain to climb
to get back the bullish momentum I think.
but step by step, it looks like a possible beginning today.
The downwave pattern ,as often happens, has these scalops ,where the bounce rolls over and then tumbles lower. that next rollover resistance zone could happen around 20-21 (where the 50ma is).and around that Ichimoku cloud zone overhead.
resistance overhead
and this zig zag from 17.50 to 19.50 could still be a Wave 4 developing. Thats why I say the rally needs to break through 20 area and really reach the 22-23 zone.to stop being a Wave 4