Replies to post #197945 on Anavex Life Sciences Corp (AVXL)

[Steady_T]

We're firmly entrenched as evidence of the fact that a meaningless PR no longer moves the stock price 20-30%.

I would not call today's PR meaningless.
I found it useful information. It gives us a little insight into the progress of the Rett trial.

We now know at least one patient has completed and that one patient or her caregiver has chosen to extent the drug use.

While that may not be a ringing endorsement it is still a positive. And, for all we know it could be a ringing endorsement.

Whether or not the share price moved on this PR is largely irrelevant to me. It is the ultimate outcome of the trials that will move the share price. Anything between now and then is just entertainment for me.

[123tom]

Stuck in this balance point around 3.25

settling into this balance area for what might be its perceived value. waiting at this bus station.
In my view,its been All technical price action for many weeks and months has been playing out. Waiting for time to pass. and for decisive news to move the price.
In the recent weeks and months, technical rallies have seen targets reached around 4 dollars, and the secondary peaks hitting 3.80-3.60-3.40 area. Bargain zones to buy have been down at 2.70-2.80-2.90-3.00 area, so far.

Public interest and big money interest in buying AVXL seems mixed as you described.
It looks to me like the waiting phase is become very entrenched now, waiting for results. how long this waiting phase has remaining,and what will be the next meaningful moves for the price action,from here...part of the waiting game. I thought taking some profit at this current 3.40 resistance was too low for my liking, so I'm waiting for the higher targets to decide.and that key target zone is right overhead on the technical chart (3.50-4.00) and every key step in between. Its a matter of how greedy I want to be with my trading shares. The science development is always hopeful but the investment risk never goes away.
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Currently, the support area around 3.20 appears to be holding, but the zone I'm watching for retrace includes the lower steps down to 3.00-2.90-2.80 again. Its a rinse/repeat zone.
Since the price action for many weeks has been all technical, continuing that MM control, means any 'rally' is likely controlled and would climb the way they intend it to and stop at whatever resistance target they Intend to achieve. I'm watching that manipulated price action to see if I can find where the MM targets will be.
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Ive managed to see the price action picture pretty well by focusing on the math patterns. I understand we are waiting for fundamental news to shatter the technical chart. and we see what happens when we are waiting, and the MM manipulation takes over so easy to see. right now they decided to cap at 3.40 resistance. and they have held support at 2.85/2.95 area so far.
I expect tricks to get played....IF the MM jumps price thru the 3.40 barrier, as a FAKE out breakout, that will hit harsh resistance at the next steps above 3.40, like 3.50/3.60/3.70, etc... and get hammered right back down. watch out for that. Its a manipulation game , could happen just like that. especially if the next bounces are coming on no news. Thats why I am watching any bounces with caution as it climbs into the resistance target zone (3.50-4.00)

[attilathehunt]

“I like that the market didn't respond to the news”.

When I read the PR (before I looked at pre market activity) I didn’t think it would move share price much. I did believe we would end up unchanged or slightly up but didn’t think it would drop or go up significantly. When the extension trial for AD trial was announced it didn’t move at all as compared to today’s price so any blip was followed by selling. I still believe we won’t see any major uptick until the results are in (barring any partner/buyout). Until then I think we bounce between 2.50 and 5.