Anavex Life Sciences Corp (AVXL)

[123tom]

The learning process takes time and effort.
Theres no way around it ,but wait, there is one way around it...we can rely on experts whose knowledge and integrity we trust.
People can disagree about some details that theyre studying. Some people get emotional when they shouldnt. Excessive emotional reactions in trading, or in analysis is a flaw in the knowledge process,a flaw in the trading and investing mind.Every good professional will agree with this. The computer trading systems dont use emotion. They use math,and maybe sophisticated programs also look at the financial data,key fundamental trading data,that become timing markers,things like earnings reports, end of quarter timing, trial study dates.There is a lot of data that investors look at.some traders study all that. and some dont look at everything, but study the charts in greater detail, believing that all the data and events are baked into the price action.
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There are some good teachers out there.but much of the time I would just study on my own,analyzing charts.and developing my own style and method.There are good traders who use different TA tools and they do well with what they understand. Its developing a craft.
In any case, when an expert,like yourself, understands the science and shares it effectively with people, its a godsend for people like me who dont understand it well.

AVXL chart

As another week finishes, AVXL still sits in the middle of a muddle, waiting to break out of this Range zone. made a good rally move the other day but gets capped at a resistance target area (19.40), and begins a pullback wave ,and finishes the week in a neutral area. Having made a steady dive down to support step at 18.50 and bouncing there to cap at 19.35 area, now sits waiting for next week. Unresolved is the current pattern, in a Range from 16.50 to 20.50/16.50 to 19.50/17.50 to 19.50/
A good chart analyst could study a chart for several hours. and be able to see and remember virtually everything.
For a long time now, my only purpose using TA charting
has been to try and find the best bottom bargains to buy shares. and the resistance tops to sell a few Trading shares.