Anavex Life Sciences Corp (AVXL)

[123tom]

The week ends looking upward.
but to me ,the pattern is still zig zagging up and down on a swing chart, from 9.80 to 11.80 ,from 7 to 13. lets say, tighter now, something like 10 to 12 area. The 13 target is in play and maybe the low zone is still around 10. so its right in the middle now at 11.50 area. These have been tradable waves.1 dollar, 2 dollars, and patient traders might get 3 dollars. buying around 10 was good so far. The greater stock market has been bouncing back into a resistance zone (S+P around 4200-4300) which is a danger zone for the next wave down. a set up for a crash could make a move in this type of picture. Its a right shoulder pattern, waiting for resistance to show strength now. For AVXL, that might correspond to this 12-13 dollar area.