Anavex Life Sciences Corp (AVXL)

[123tom]

My chart analysis is about
trying to recognize the patterns, and I craft a technical chart with the Fibonacci math and Elliott Wave patterns. Its my method. I think its about 85-90 % accurate if I do it right. The purpose is to see and understand what the price action is doing ,and if possible what direction its going in and to What Target. There is a target to look for. Most often, these targets are part of a Fib math pattern. Sometimes these targets are also Options price targets as well. and some timing can be applied to the forecast. My desire is to avoid buying too soon at too high a price target. (Ive done that many times,and always hate when I do that.) I often hit the low target zone as my buy target. I almost never sell enough at the peak targets. because I like AVXL as a long term investment, reluctant to sell any shares.
I use the chart analysis to try and find the wave patterns,the peak targets to sell a little and bottom targets to buy a little. Some traders like to wait for breakouts and they buy the breakout. I dont do that. I like to buy the lowest Bottoms.