Anavex Life Sciences Corp (AVXL)

[123tom]

so true, Vango

So today went down some more. retesting the 18 area. I think its looking to the 17.50 bottom next. but I could be wrong.
The flow has been downward at every key inflection point. After peaking at the 19.60 area, it tumbles and plunges down, bounces and rolls over in classic style, and down some more...all technical price movement. to technical targets. and thats why this chart was easy to draw all these lines...I know it looks messy when you put too many lines on a chart But... if you look closely and carefully at all the lines...see how every line makes a key connection to all the pivot points and these are all exact parallel lines from top to bottom.
Note also there are 2 channels, one is flatter (black lines) than the other (orange lines) which slopes sharper downward.

AVXL getting bled down
retesting lower targets as it fails to hold support levels at 18.80/18.60/18.50/18.30/now testing 18 area.

17.50 /17.75 area is below.I think theres a good chance this week we can see the 17's.