Replies to post #102748 on Anavex Life Sciences Corp (AVXL)

[123tom]

Attila,that's what I'm thinking as well.

and maybe also...that if we do see a 1 dollar surge,to a target like 6.50 again, its a sell target.(take profits target) because it will get taken down again, in this range.
I'm looking to buy the range bottom (not 5.50/5.60 but 5.30/5.10 area) and sell the 6.10-6.50 range top. thinking about it. with some trading shares. I actually Hate selling ANY shares,but trying to see how the wave patterns flow,the peaks of resistance have to be respected at least somewhat.

so heres the current tricky trap door zone to watch out for.....the powers that control price have shown us a "Support base" that looks here like 5.50-5.60...several pivot lows here, looks like it wants to base here at 5.60/5.50...I don't trust it. I don't trust the MM's who craft the chart. It looked like they were crafting a support one day at 6.18...then that got shattered a day or two later. they could do the same thing here at 5.60 and take it to the next lower steps at 5.37/5.30 . Any time they make you think there is a solid bottom...be suspicious of it. that's what I'm learning about the wall street game. The real base if there is one, in the current pattern is at 5 dollars. and the next target step at 5.35 area is a strong magnet waiting to get hit. so this station at 5.50/5.60 is a tricky mirage in my view. as long as there is time for more bleeding down, then the next bounce that fails at 5.90 could get taken down to 5.30. and lower steps in the bleeding process. just something to anticipate ,as possible.