Anavex Life Sciences Corp (AVXL)

[123tom]

I don't feel like buying any here at 5, even though it's a technical target. I'm just gonna watch the price action for a while to see what it does next. There will be a finished bottom somewhere , but this downwave is still coming off the 10 dollar peak and disappointing news in January, maybe hasn't reached " bottom" yet. Watch the price action closely now, at this key "double bottom zone" , for clues. Overhead now is resistance around 5.30- 5.45 area to watch, if it gets capped and roll over, for the next downward plunge.