The caution I have about AVXL
from years following it, the pullbacks even in the present time, have almost always been down to the lowest Fib targets. I rarely would see the 38% hold support.
and also the rallys often get capped at the Wave 3 zone (the 38%/24% area) so I have learned to be cautious in my trade targets.
Even though we seem to be entering a new cycle for Anavex success, and the chart price levels are more like 15 to 30 rather than 2 to 8 dollars. The way wall street plays with AVXL price ,seems to have changed little.
In Contrast to the S+P ,which I notice very often pulls back shallow, to the 38% and then rallies strong.
