I agree with your thoughts, John. We're buying core shares down here. But I have some trading shares I bought too soon in a different cycle, I'll need to sell when the right time comes. And yes, let's hope for a good medicine to eradicate ALZ. I still believe in Anavex science, but the FDA corruption is a bit concerning. Look what they've been doing with the big phrma and vaxx operations, and the revolving door for executive employment. Conflict of interest much? Anyway, have a good weekend.
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Price action today.... no rocket ship bounce from the 3.25 Low.... could we see that as a bearish clue? Don't the computer algos see 3.25 as a great place to buy? Today fluttered a small step but stayed capped around 3.46.... I was seeing 3.45 ,3.50, 3.60 area as Resistance to watch.... gotta keep watching it for the roll over and tumble. Not much else to say about today's lack of movement in either direction. The computer bots are waiting for the next trigger, whatever it will be. 3.40 could develop into a support shoulder... IF we see another rally climb to 4 dollars. > And pullback to retest a 3.40/3.50 shoulder. There's a pattern chance to see how 3.25 would develop as a finished bottom.
But, my money is still waiting for 3.00 target zone, 2.90/2.80 maybe even 2.70. The resistance overhead around 3.50 is still the next thing I'm watching.
