Anavex Life Sciences Corp (AVXL)

[123tom]

Let's update as we go, Steve...
We watch the same targets, moving averages, rsi, etc... bounces at support, that get popped up, roll over and plunge down the steps to lower targets. Today into the last hour, the pop and drop... rolls over and down she bleeds. The bleeding down game. Lower lows and lower highs. Now hitting 6.00 , next targets down looking at retesting 5.70, critical there . Bounces back to 6.00- 6.15 , watch for pop and drop rolling over , just like today, and then down again to lower targets, 5.50,5.20, 5.00.
The bleeding down game. How low can they take it before good news stops the bleeding. How many weeks and months do they have to play this bleeding down game?
Right now, I'm seeing this 6.00 step as a critical support that needs to hold if they want to retain any rally strength. It has a chance but the price action we're looking at these days is the bleeding down game.