Anavex Life Sciences Corp (AVXL)

[123tom]

Thanks back to you, John.
A name I remember from early AVXL days.
If my portfolio dovetailed with my hair loss I'd be in the poor house.
AVXL has been a rollercoaster to trade, all these years. Some day, we hope it will be just a buy and hold, but even now, as the forecast for this year might be changing, to neutral, ... instead of expecting the great news in a few months, we are now seeing some of our best fundamental experts saying it won't likely happen at all this year. Very disappointing. But, it means traders will need to play the trading game some more.like we've been doing these last 10 years. In some ways, it makes the trading game easier, because I'll have a little more confidence in the trade targets and chart patterns. I set my sights on watching the price action create the patterns, and the patterns will display some good predictably. Right now, the support around 6 dollars needs to hold. Climbing higher steps, the targets around 7.50, 8.50 , might have some traders selling shares. My exit for swing trades from the 5.75 bottom is 9.75 - 10.00 area. And now that the fundamental prognosis for AVXL in 2024 is neutral again... I'm not expecting big upwaves to 13,15,18 dollars, on the bullet train. I'm expecting a Range pattern, like the last 2 years, this time 6 to 10 and back down again. 6 to 10. Driven by the trading algos.