Replies to post #186758 on Anavex Life Sciences Corp (AVXL)

[123tom]

this move today feels very positive to me

I agree with you. the direction looks like its turned a corner now.


But on the technical chart, if it still runs along technical trading tracks, the rally will tire at some point, and sellers ,even if its just technical algo trading systems, might try to sell at the major resistance steps.

A small one is here at 3.40 area and a larger resistance step is overhead around 3.60-3.70 area. as a Math target.for these latest bounces. I'd like to see this rally have the strength to target the 200ma at 4 dollars. that would be pretty impressive to me. but I need to watch the technical moves from here to there and expect to see some show of resistance around 3.70 area ,would show me what strength the technical math patterns still have. even here at 3.40/3.50 can start to show clues.

heading in the right direction chart