Anavex Life Sciences Corp (AVXL)

[Anshu2]

Perhaps. But, that doesn't mean the stock won't crash to 8.
It's difficult/impossible to surmise what is the objective of the people who bought at 9.8-10.2. E.g, what is their stop-loss if any and their target timeline.

IMO -- technical trading should be fundamentally played short-term.
If you want to play long-term, you gotta largely stick to fundamentals.