Replies to post #3646 on Anavex Life Sciences Corp (AVXL)

[123tom]

Just a thought about watching price action here


you know how price seems to be sliding along here at 36/37... looks and feels kind of stable...like almost like its Hypnotizing us to think this is The Base... the bottom now..... and like that psychedelic art work ... one could be convinced that NOW is the time to jump on the next pop..... I think that will become a trap. and get Whipsawed down, somehow, and the real key target , there are 2....not here at 36 , its at 32-30.... the next whipsaw dip down.... and IF that happens and then I think that would have to be seen as one buy target. and then ...IF I see price slide sideways like a walk in the park.... there at 30-32, like its doing here now, at 36....but 30 cents is a much more real basing zone to my eyes. as is 25-28 area. That zone lets look at simple math for the next trade double to set up.... From 25 to 50 is a double
28-56
30-60
32-64
27-54
47-94
38-76
...... just an idea.

where do you want to make your next double. what is the next set up doing now in preparing/evolving into that set up.

the two key target zones for pullback that I believe in are 25-28
and 32-30

so Doubles from those zones would give me 50-56 and 60-64

and a fizzled double top in this cycle , if that happens for whatever reason...is 47 again

Then again, theres other puzzle math playing with numbers and doubles....
look at the bottom at 17 cents lets say.... you get 17 to 34 then add 17 again for 51
or 17 to 34 to 68 to 1.35

IF AVXL had its last hig rally last year topping around the low 60's...that might be a good target. low 50's was a target. just like 25 cents has been so critical in the past. I like 25 cents as a target. But willing to buy some at 30 if I have to.