Anavex Life Sciences Corp (AVXL)

[oldandintheway]

tom - one of the most consistent short-term indicators I've ever used is the 50-period avg on the 10-day/30-minute chart (roughly the 4-day rolling avg for the thirteen 30-min price pts in a day). When the line peaks and price drops below it we're usually in for several days of price retreat until the 50 line flattens out. Right now we're (surprisingly) straddling the line, which is flat...I was mentally betting that we'd peaked today bringing 11.75 into play shortly - this, of course, could still easily happen.