Anavex Life Sciences Corp (AVXL)

[123tom]

Good quick rally week.
kind of fast. started from the bottoming last week. surges steadily to reach the targets at 10-10.50 area.
a fast climb along the way up, holding support steps where it needed to. Started a pullback today from the 10.60 peak. A rally from the 7.10/7.40 bottom zone to the 10.50 top zone, a 3 dollar rally wave. now the retrace target zone steps on the chart look like 9.50 - 8.40 area and all the steps in between.
The math pattern could continue higher if the support holds in the 9.00-9.50 range, another 2 dollars could target 11.00-11.75 target area. 11.00/11.25/11.50/11.75 peak.
The stock market decline is poised to collapse after this current bounce.