Replies to post #105920 on Anavex Life Sciences Corp (AVXL)

[123tom]

yes...pressure building...but still acting undecided.

the price action, bounces to a resistance step and gets tossed back down to a support step. acting the way you'd expect a Waiting zone would act. I guess that's ok,if good news is coming .
Holding at the 5.60 base is ok.so far,holding there.
and the resistance steps overhead,acting as capping targets.
So this pattern ,in a waiting period,is ok, but at these moments in the chart ,where it makes this triangle coiled terminal point, it has to break up or down , so maybe its either back to retest 5.60/5.70 or to retest the 6.00-6.10, but could still stay stuck in this box until the news makes the big move.
Its a strange feeling to have underlying excitement for the future, but ongoing boredom sinking in while AVXL waits here in this holding pen.