Anavex Life Sciences Corp (AVXL)

[123tom]

Watching the price action... the pattern/map I laid out yesterday did exactly what I was anticipating. Opened with a final jump to test 6.00 resistance and immediately got hammered down and capped 5.90,5.80, and then testing 5.70, got pushed off the small cliff and sent down into the 5.55 support test. Sometimes the bus route runs to targets quickly in one day, like this, sometimes it takes a few days. It could zig zag for the rest of the week, in this zone, or get taken back down to retest 5.30 and target 5 dollars. The bullish hope now would want a rally tomorrow, by holding now at the 5.50 support and jumping back to push 6.00 and higher steps. My bias is a downward move to complete the 1 dollar bus ride from 6.00 to 5.00 and end the week at the bottom zone. I remain cautious/bearish for the whole month of February. But I could be proven wrong.