Anavex Life Sciences Corp (AVXL)

[sab63090]

Around 17 days ago, AVXL looked good, then
we had a rude awakening with a sharp drop in price...the chart had 5 minor drops but also higher HIGHS and LOWS....now over the last 17 days we've entered a new basing area slightly higher from that low around $5....,my feeling is that the price does NOT want to go lower than "visible support" which hits a few dips below $6; the key is whether we can HOLD that and push higher above this range ($6 to appx $7), so I believe THIS WEEK will be the set-up for a blast up above resistance and will surpass both the 50 day & 200 day (7.29 & 7.67 respectively...as of today)...Yes, it will require a VOLUME BURST to do it....possibly by the weekend. Note: the GOLDEN CROSS is getting closer and closer....maybe it all occurs with some sort of shocking rally. Oh yeah, been wrong and have been embarassed before!!! Good luck, still long and certainly not nervous....👍️