Anavex Life Sciences Corp (AVXL)

[123tom]

If news remains a couple months away... I would maintain my cautious outlook for the bleeding down game to continue, maybe back into the 7's .How low can sellers take the price.the big upwave was a double. From 7.20 to 14.40. A Range pattern goes all the way back to the 7.25 support shoulder zone.
In my view, the upwave pattern needed to hold support around 9.50/10 area. Then around 9.00. But these failed. Now the picture starts to regain a downward bias ,neutral at best if 8 dollars holds .Below 8 dollars looks like a Range pattern forming. I hate the bleeding down game.