Anavex Life Sciences Corp (AVXL)

[123tom]

If there is a pattern to the chart,
We can see a previous low at 9.30 with a 4 dollar rally to 13.30 Then a retrace to 10/ 9.90 area followed by another rally to retest 13.30 again. Followed again by a retrace so far, back to 10.50.
It could only be called a Range pattern at this point. And otherwise, possibly a continued downward below 10, becomes a new downward pattern, which opens up targets 9/ 8.50/ 8.00/ maybe 7 and 6 area