Anavex Life Sciences Corp (AVXL)

[123tom]

Since the peak at 13 dollars...
we watched lower highs and lower lows ,
and now that 10 dollars (10-10.60 area) failed to hold support the bias looks down wave to me. We can debate the details but the basic picture ,where was the old support zone in recent waves, 10.00/9.80/9.60 area .
whats below 10 is 9.60 area that would become the latest 1 dollar down. then 9.30 and 9 dollars become targets lit up now. The Range that was 7 to 13 to 7 to 13 might become activated now. it had been a smaller range from 10 to 12 to 10 and oops, now 10 didnt hold. so does the range expand again, I think it does. and we might see the lower targets get hit 9.60/9.30/9.00/8.70 etc. Would 9 dollars be a good bargain to buy as trading shares? I'm glad I didnt buy any at 10,so far.
The good news a few weeks ago.... isnt holding price at 10 dollars, and bouncing upward. What are the forces of manipulation doing with the price now. Can they sell it back down to 9 dollars? 8 and 7 dollars?
Right now, overhead resistance is at 10.00-10.50-10.80 area and all the pivot steps above that . I dont think we've seen the bottom yet in this downwave.