Anavex Life Sciences Corp (AVXL)

[123tom]

Yes, and how quickly the sentiment can change from bullish rally pattern to... oops... disappointing news, set back, readjust the plan, down goes the rally, all the way back to the bottom again. And only good news can stop the bleeding down game. I'm trying now to decide where to place my next bids. A retest of 6 dollars? How about a retest of 5 dollars. The major resistance targets in the chart now overhead are those key MAs around 7.50. It's possible we could see 6.25 hold here and rally another dollar, and test 7.50, but even if it does that, the sellers could hammer price down from there , and Avxl could get bled down to retest the 5 dollar bottom again. Only good news will stop the 2024 bleeding game. The 2023 fall rally went from 5.00 to 10.40. Now the 2024 Bleeding down pattern has that Range bottom as a target once again.