Anavex Life Sciences Corp (AVXL)

[123tom]

Today looks a big nervous to me.

price slowly creeped up to hit the 10.25 resistance shoulder and struggling here.
Its a worrisome pattern to see a resistance shoulder getting capped like this. we could see a plunge down from here, to support targets.Like the plunge 80 cents from the 10.60 peak. maybe 1 dollar targets 9.25 area. Its not a disaster to pullback there.the bullish wave could hold nicely. and see what happens after that. But for now, we see this capping at 10.25 resistance. Last week it was capping around 9.50/9.30,but the next move was a pop to rally to the 10.25 and then 10.50 peak. so it made that tricky finish move. Now it tries to retest the top, and hits the first target, the resistance shoulder. and It is struggling today to break through it. It did not make any strong move thru it . thats also a warning sign ,IMO. If it keeps getting capped here, I'm looking for the dollar down . The S+P 500 has been making some effort to rally last week, a sigh of relief,in a sense, but is also hitting a resistance zone ,which could spell danger if it falters this week. Its a fairly large resistance zome in S+P overhead, 3900 to 4250,and any trigger point in between could falter.