Anavex Life Sciences Corp (AVXL)

[123tom]

It's very possible. I think the basic price target in this current pattern was the 5.00 step and the 4.80 "Bottom ". for a bounce. But we saw a steady tumble to 4.70/4.65... looking like a big overshoot. But now that we have this breach of a key Bottom/4.80, it makes me cautious
to see if selling momentum will be motivated to push harder , and 4 dollars would be the next prize. One main track I'm watching for next would be a small bounce to hit resistance at 5 dollars and get Hammered hard there, and like today , gets decisively sent down on its way to begin ... what could become... the next 1 dollar trade win for shorts.
There are also other track patterns to watch as well. I watch them all.