Anavex Life Sciences Corp (AVXL)

[123tom]

On my chart pullback target zone looks 10 area, 9.75 area, 9.50 area.
Resistance now overhead around 10.40... notice the old shoulder peak around 10.00/10.40 from past upwaves. It's a key battle zone here. Support below looks like 9.75/9.50/9.10? Depends on how far down the price manipulators want to take it. And how many downward weeks they can achieve. In past upwaves, lasting 4 weeks... always followed by 4 or more down weeks collapsing the upwave. Maybe this current time in Anavex development marks a new era...poised for approval, closer to the finish line. And a stronger bias looking upward.
Measuring the wave from 7 to 11, you get 9.00 area in the middle. The Fibonacci target zone is basically 9.50/9.00/8.50 area. The shorter picture, from 9 to 11, offers pullback target 10 area, resistance at 10.30/10.40, and support around 9.70 . we might not see prices in the 8's... unless the price manipulators make a strong effort to take it there. They waited until 11 dollars to slam it down. They didn't take down at 9 or at 10. They waited until 11.