Anavex Life Sciences Corp (AVXL)

[123tom]

yep and the resistance step
at 19.30 sold down and broke down below the 19.00 balance step. it suddenly became a little bearish now as the day starts to finish.
This 5 minute short time frame and intraday price watching is ok for what it shows us, but If we step back out to see a bigger picture... we're still stuck in the Range Box,unchanged for another week.

Resistance steps overhead are capping and support is ok but uncertain as it holds 18.80 area. below that is 18.50 area and then down to the 18.30-18.00 target zone.
Looks to me like the current pattern showing the magnetic balance line at 19 dollars and in the chart structure seems like the key area to watch the zig zag battle .
So with the lack of news, the technical patterns are taking over and the charting is all technical price action now. so we see this zig zagging continue and remain uncertain, with capping at resistance and price stuck in the Box, another week of nothingness.
But even though the downwaves are so far holding in the 18.90-18.80/18.50 areas, I still think the major low at 17.50 area is still in play.

19 didnt hold strong