Anavex Life Sciences Corp (AVXL)

[123tom]

Difficult chart to examine
The last 2 and a half months have been a volatile zig zag up and down from the 16's to the 22/23 area. and feels almost impossible to pinpoint much about it that would offer tradable clues. So I havent had much to post about these days. The bullish looking rallies have all broken down. the sellers have jumped on the top zone with a force every time and taken it down to the bottom zone. a choppy Range pattern is the only thing I could call it.
and not much else to say. No news/no uptrend/no bullish momentum sustained. Maybe the solid developing science is what has kept the bottom zone holding above 16. Will that floor continue to hold? who knows.
Traders with basic trust in trading the Range would have done well buying the low zone and selling the 19/20/21 top area and not worrying about the enormous potential of the future. I did a little trading but not enough to make a difference.
AVXL traded a Range for a long time from 2 to 6 and 2 to 4, and then it traded a range from 10/11 to 15/16 for a while and now from 16 to 22.
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AVXL Range

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