Anavex Life Sciences Corp (AVXL)

[123tom]

Watching the price action...
The other day after a retest of the 4.90 bottom zone price made a small bounce that rolled over at 5.15. And bleeds back down. The pattern of lower highs and lower lows remains ongoing. Bounces of this bottom zone have yet to develop any traction. The bias is still looking downward, in my view. Are institutions eager to buy here at 5 dollars these days?
Trading targets , overhead, resistance at the 5.10- 5.20 area now. The 1 dollar target down is waiting at 4.50/4.40/4.30/4.20/ 4.10 to 4 dollars. Bleeding down each step along the way. Small bounces that roll over and tumble down lower. The selling game will stop when there's good news.