Replies to post #53708 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

Agree - current price is a function of the market as a whole and not related to AVXL fundamentals or technicals.

If they could have taken it below $3.30 yesterday they would have. Many stocks hit new lows. The only question is how long will this hellish manipulation of the sector last?

[123tom]

Great post Citrati.

I agree completely. including watching the IBB.
look at that chart with the pivot points... see how the Fibonacci pivots look too.... theres an extra Pivot the F pivots show....one right at 3.24 thats a big target in this pattern. and right where youre talking about. Theres that scary 200ma at 2.70 like you say, but this 3.16-3.24-3.30 area is very key. and now with this weeks little rally, it has crafted a baby stair steps at 3.50 and 3.40. The Fibonacci pivots I like better because it shows that extra one as well as the standard pivots. and that standard pivot at what was it 2.47...is 2.52 on the F pivot.

Interesting stuff .good work.