Anavex Life Sciences Corp (AVXL)

[123tom]

Bounced yesterday and today
from the 16.70 target to the 17.35 resistance, zig zag battle ongoing. Predictable where the resistance was and ok to see 'support' step "holding" so far. but the zig zag pattern is not any strong bounce off what could be a decent bottom...so the bias in my view is still looking downward. The major support shoulder zone in the big picture is the 16.60-16.00 area and if that doesnt hold, we could be looking at 15.50 to 13.50 area. But also, the global financial and political climate is very shakey now, and wars, market collapse,global flooding crisis, china crisis, could take market down, Its a time to watch carefully for danger in the market, economies, food supply, political chaos, etc... this week and next. Be ready for calamity .I'm not a doom sayer just watching what experts are reporting. The 3 Gorges dam is weak and bitcoin is falling down. warning signs.
IF we get a market crash...what will AVXL price do.... will we see falling knife bargains at 10 and 8 dollars? or 6 dollars?
Looking at a daily chart now, you can see the 200 ma coming into view.