Anavex Life Sciences Corp (AVXL)

[Chart Reader]

You certainly are entitled to your opinion. Nonetheless, I have been using support and resistance levels and the 200 MA's for the past 19 years and they have worked well religiously. I look at other TA but rarely make decisions off of it. By the same token, if a sell signal is given and the stock is oversold, I will either hold back on selling, sell less, or wait until the condition eases, before getting involved. In some cases, I will not trade that stock and look for something else. There are thousands of stocks and if another stock offers a better opportunity, I will get in there.