Anavex Life Sciences Corp (AVXL)

[123tom]

As the dust settles,I can see some things again.
As the chart starts developing a new track, bouncing up, and reaching targets, today it made enough follow through to touch 12 dollars and then was taken down 90 cents without any trouble. I was looking for the 1 dollar movements and thats what we have been getting. .At the moment the upward recovery has made a fair effort, and now price sits in a decision zone, it has to go somewhere. The target down looks like a retest of the 10.50 Pivot low ,which would be another 1 dollar move. If it happens. The 1 dollar upward move from the latest pivot around 11.25 support would test 12.25 area. It feels to me now, that tomorrow might be a good tell, a barometer to see which energy has the momentum, bear or bull, and if it doesnt wallow sideways and waste a day, the time is ripe to show us what the current cycle really wants to do. Will it be down to retest 10 and strive for downwaves, or more rally to aim for 13 and 14. I think tomorrow will be a telling day .Unless... they just keep it flat. Watch the capping pressure resistance around 11.50 and watch the support at 11.00-11.20 to see which lines demonstrate the greater strength.