Anavex Life Sciences Corp (AVXL)

[123tom]

I just finished doing this complex chart for myself.
I'll share it with you.

Looking at the true top 21.30

Yes,I think 20 and 21 is possible but I also think this could be the highest target for this current pattern.
Step by step,climbing back up the same target steps, first 18.40 area, like the previous rally did (the one from 16.69 Bottom)
Major magnetic target zone I want to watch is 18.80-19.00 and then 19.30.
then 19.80 area. These are the Fib retrace targets in both directions. This extreme plunge to 17.39 was way overblown in one fell swoop. and now we get to watch how the reaction goes. in a shortened week as well.
20 dollars is one of the Fib targets in this picture. but it will take some climbing thru key resistance that will need close watching.It could get capped around 19.00-19.30 area
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But to avoid confusion and hostility,I want to add ... that I am not making a prediction...I made a road map to examine. a track pattern to watch , and see IF it plays out, to see IF the price runs along these tracks, in an Elliott Wave pattern, to Fibonacci targets. Thats all it is, a method of analysis. When the price climbs,I will watch where it stalls out. where it hits resistance and where it finds support, along the way, to Target areas. IF the day follows the track pattern I am anticipating, thats a good day for a chart architect. or a bus driver. It's not a prediction. It's a set of train tracks to watch.