Anavex Life Sciences Corp (AVXL)

[123tom]

The new week begins with price bouncing down from the 9 dollar resistance target, as anticipated.... and I'm watching to see how any pullback goes... 8.70 today, expecting to see some zig zag sideways here testing 9 resistance, testing 8.70- 8.50 area.... and at some point, in a few days, or several days, the good news or no news factor kicks in , as the year runs out of time. No news could generate a collapsing slam down back to retest 6 dollars again... and good news could propel the next big rally to test 12,13, 15, 18, etc.... we're sitting on the fence biting nails here. Technically, I'm still seeing 7.50 to 5.50 as bargain zone. And have to consider 13 to 20 as profit taking zone for some trading shares. Though I really want to just buy and hold. I trust Anavex. I don't trust the corrupt big pharma and the FDA.