Anavex Life Sciences Corp (AVXL)

[sab63090]

jta1980

I think he offers a lot of good information here, but to forecast a short squeeze it's important to see 2 things.....price push above normal and volume! I think we do have a price momentum at this point, but are lacking volume. Short squeezes are difficult to "forecast" unless you are seeing it happen and that you will see.

I use inflection points off of visual areas, support and resistance, etc. It's good to use both the 50 day and 200 day, visible support and resistance levels, prior trading turn areas, etc. I'm positive here and looking for higher prices, but have learned to be flexible and adjust...I don't trade for small moves, since I don't pay attention to this any longer.

Final comment: These are tools helpful for adjusting, but important news will force charts to adjust to that....take overs, important data make the chart watching a zero for those events!!!