Anavex Life Sciences Corp (AVXL)

[falconer66a]

The Recent Share Price Trend

Looks to me like there is steady buying pressure. Not very strong but steady.

Looks like that to me, too.

On Aug 8 the AVXL share price bottomed at around $7.67. Then, on 11 Aug, topped out at around $9.80.

Today, the low, near or at the opening, was $7.55. But right now, after the close, it's at $9.15. In the referenced days a $1.60, 21.1% gain.

No, we didn't hit yet the $9.80 high on Aug 11. But the price trend is ascending; rather steeply. Let's see what happens through the rest of the week. Slow, steady, and persistent should be the pattern. Weak hands have had plenty of opportunity to exit. Strong hands are ever stronger, not tainted by short-period dips. We can see the long-term trend, which reflects the actual science of the Anavex drugs. Weak hands and shorters becoming ever more anxious. Strong hands ever more confident.