Replies to post #153012 on Anavex Life Sciences Corp (AVXL)

[set_pt]

No Volume leeds to a short drop IMO

I use buying volume as one of my primary guages.


Can't deny recent the buy up into the ask lately as a signal

[Investor2014]

Possible, but highly unlikely.

[123tom]

well done,set point....

good trading eye last week.

I'm watching the battle playing out now in the zone (3.80-4.20) narrowed now (3.90-4.10) as I described in recent days.

unresolved battle zone/chart
In the bigger swing picture,I'm looking at the target zone down at the 200ma (3.30 area) and the target zone up around 4.50/4.60 in the current cycle. Various steps of support/resistance in between are in play as well.

The current battle appears still unresolved to me here around 4.10 resistance and 3.90 support. it could zig zag sideways here for a week or two even. or resolve in a day. just has to be watched.


The good bargain buy zone was under 3 dollars ,in the last 2 months. and so far, was a traders nice trade to trim shares at 4.20 topping zone.