Anavex Life Sciences Corp (AVXL)

[sab63090]

Seems to me that the 200 Day SMA was back tested...

.....Successfully......

It never came all the way back to that level, but rather stayed above the battleground before the "news related spike up"....so I would be using the 11 (plus or minus level) as pretty good support...

Outlook: for me most likely a push up, yet again, towards prior resistance at 13.34 to 13.50....super volume on a breakout (***$13.50***)....and....the ability to stick...that level has proven to be powerful resistance and I have lost count on how many attempts have been made there (8 or 9 if my memory doesn't fail)....has Adam F, yet again, only have a short term success for his supporters????