Anavex Life Sciences Corp (AVXL)

[Anshu2]

At the “bottom”, low volume is not a good sign — it says that buyers aren’t willing to buy even at such a low price. Sellers of course aren’t selling at low prices unless they panic.

At the “top”, low volume is a great sign (eg in a flag pattern) — therein it says that sellers aren’t selling even at high prices.

Overall — technically AVXL doesn’t look good. But, right now, it’s all about the pending news — which shockingly has taken 18 months post trial completion … which is a terrible sign. EXCELLENCE pr may take 6-12 months too for anything more meaningful than a repeat of the CTAD-like debacle.