Anavex Life Sciences Corp (AVXL)

[123tom]

ok,sab, but now add today's price action to your vision and do you still see bullish energy happening? I dont. I'd say neutral at best, looking downward still, and coming off the news, this whole week has been a bearish move downward, the pullback retesting 11 so far, Last week when it hit 11.00/10.90 target it surged up into a big bounce. This time ... barely a bounce. and still fighting a battle between 11.00-11.25. Its still looking like buying at 10 was ok. and closing the trade at 11.80 was ok too. Now, this 11.00-11.25 area needs to break through to retest 12 again for any upwave to redevelop. The news was good and the future looks nice, but the price action is struggling in this zone with little upward surge so far. To me, it looks like the computer trading systems are still in control.