Anavex Life Sciences Corp (AVXL)

[sab63090]

Seems to me that the low prints (around 17.50) would be the 1st area you should mention,,,,,and eyeballing the resistance at the 50 day more appropriate at this time with multiple prints right under that level 20 to 21.48...

The 200 day is way lower, down around/below 13 !!!

Recent trading history certainly shows support and resistance clearly.

My observations over the years: sometimes May is bad, August also and I try to avoid trading right before option expiration as the mm love to suck blood from the victims (spec traders)...another time to observe for profit taking is month end when the portfolio managers and traders like to hit the cash register, as their bonuses are based on that. I spent more than 26 years at Morgan Stanley and many years at other major firms on Wall St.