Replies to post #80589 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

60 minute was indecisive so I went to 120 minute.

OBV bullish since 9/21 - they have been accumulating as they can, but instys only added a few percentage points third quarter so I think they were having trouble getting shares. In fact, if you look at the volume it's likely that a lot of them were acquired prior to and on the Biogen announcement at the end of summer, and they had to jump for them.

I believe Instys also bought today and we were was traded down afterward. Pattern is obvious on the chart I posted earlier.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126733553

It's interesting that the only negative ADX period while the stock was trading in the $3.30 range in October and during the first part of the walk down in late October. That was all about grabbing shares .

As you can see, volume today wasn't nearly as large as the pre-Biogen push and the Biogen news.

I like the upward oscillation of the FTR.

If MM's lose control over $4.50 I think you'll see the Instys sucking up everything they can below $8. They may try to hold the stock in a trading range $3.50 -$4 till after the holiday.