Anavex Life Sciences Corp (AVXL)

[123tom]

Ever played the game… I See Something? I spy with my little eye?
As the week ends now at resistance step 11.25, after an opening tumble to the key 10.60 target… the smallish bounce to 11.25 is creating an interesting picture now, possibly setting up the next move for early next week.
It’s a key zone right here, that might represent a chance for the pattern to regain its bullish momentum, I want to see a strong surge up 1 dollar from this launch pad around 11.20/11.10 holding and surging to the 12.20 target resistance. Anything short of 12, like seeing it stall and fail around 11.70/11.55, could become a bearish bias, in my calculation, losing the bullish momentum, acting like it wants to stall and roll over, and tumble right back down , to continue its down wave.
It’s worth watching next week’s price action for this very next move, on deck. The battle between support holding 11 dollars versus resistance rolling over around 11.60
The up wave bullish pattern wants to hold around 11.30 area … it has a chance to regain that now. But the down wave wants to cap and roll over around 11.50/11.65, like it did last time. Watch this battle next week.
And remember that opening surge to 12.67 this week that completely erased??? The real resistance remained around 11.60, where it rolled over, as anticipated and tumbled 1 dollar to the 10.60 pivot low.
it’s all fun with numbers and math.