Anavex Life Sciences Corp (AVXL)

[123tom]

And the week begins with the continuation of last week's downwave that began at 5.90/5.85 resistance, tested 5.65, 5.52, and today the 5.50/5.45 support was broken and bled down to 5.36. Today, was a good example of how the price bleeds down lower. If you look at a 5 minute chart, you see the game...price tumbles and bleeds to lower steps, bounces up a step or two, to hit resistance, and continues rolling over and bleeding down lower, Right to a key target area now 5.35/5.30. Next bounce to resistance 5.45/5.50, to roll over and bleed down to lower targets, 5.00/4.90 would be the next step to watch for. Only some good news will stop the bleeding down, or else MM's in control, decide to " Buy" at 4.00 , and they create a rally back to whatever price they want. 6 or 7 dollars, maybe. I imagine MM's and HFT Computers are in control of the trading game.