Anavex Life Sciences Corp (AVXL)

[123tom]

good post ,Sab.
I didnt think 11 would hold. here we are now with a decent looking jump to 12.
we can watch the steps below and above easily enough. The 12.40 target overhead, or the 11.40 support below seems like a playing field. steps along the way, for resistance are the usual same steps it fell down . 12.40/12.60/12.80 area. 13 would be an important test. I had planned last time to take some profit at 13 but I second guessed my plan. Would I sell some this time? I dunno. maybe a little bit at key targets on the way from 13/14/15 and 16. How long ago was it at 14 to 21. Early in the year? it bounced at 16 a few times and retested 23/21/20/18 and then cascaded down to the 7 bottom. This 13 resistance is the big one to overcome now. The perfect trade for these cycles would have been buy 7 sell 13, buy 9 sell 13, buy 10, sell 13, buy 11 and sell 13?
This week seemed like a lot of gambling spirit to me. and I dont want to be gambling. Gambling that 13 wouldnt get hammered down (it did) gambling whether 11 would hold or not.It did. now gambling what to do if it hits 13 again. or will it fail sooner, like 12.75.
I dont like that gambling feeling. But if you get the targets right... its worth trading a little.