Anavex Life Sciences Corp (AVXL)

[123tom]

I loved motorcycle riding. In rain was not as fun, for sure.
My chartwatching looks at support/resistance targets, and using the basic tools. 17 years experience, I try to buy the bottoms and sell the tops. My latest "forecast" was looking at one more dollar down, from 9.40 area to 8.45 area. Today we got it. I'd call that a bullseye. I hope folks interested in adding to their position, had their stink bids filled. Bottom fishing/bargain shopping. Could this sell down continue to 8.00 and into the 7's... I'm not prepared to see 8.00 fail just yet. But the major Shoulder zone is at 7.20/7.50, and below that, the shoulder around 5.00/5.50. And you can see the various pivot bounces along the way up from 5.00 to 9 . For bullish pattern on the big chart, I really want to see 8 dollars hold.