Anavex Life Sciences Corp (AVXL)

[123tom]

@ nidan, fwiw, I don't focus so much on close of day, but instead see where the low and high went, and if any targets get reached... like today did. See what support broke down or held, etc, and now, see where overhead resistance is waiting to strike again. Watch to see if the low holds at 5 now and pivots upward, and climbs strong or weak, watch to see how many times price bounces down at the resistance capping zone, unable to break through. That resistance in my view, is waiting around 5.30-5.45 area if we see any bounce tomorrow. Right now, the bigger chart picture has made an important move today... a double bottom at the 4.95 bottom. If we don't see some kind of decent bounce here, in the next 5 days, to at least climb back to retest 5.80 area, then the sentiment is looking bearish, in my view. Not neutral, bearish. But it just has to be watched now. Resistance starts now at 5.30 area. Every step higher is testing resistance that could cap and roll over and tumble, like we've been watching since January. Without some good news, I don't think the bleeding down will stop here at 5. But I could be proven wrong.