Replies to post #275732 on Anavex Life Sciences Corp (AVXL)

[LakeshoreLeo1953]

I've pondered the probabilities of Anavex success at each of my several AVXL purchases. I've always targeted 2023 as my year of decision. If Anavex has gained approval to sell any of their drugs by then, I'll be grinning. If not, I will have lost my money and life will continue. Biotechs involve biology which can be vagrant, variable, and blurred. To presume that clinical results can be affixed to desired or even projected calendar dates is an error. It's not an error that fogs my vision on out into 2023.

Hopeful patience....

That reality is what makes the Cervantes' effort of some storylines
so easy to challenge. Skeptical hopefulness is not a bad place
for one's head when investing in a spec bio.

[123tom]

Thank you for your perspective.

Always very helpful.

yes, patience.and even now as the price moves in small zones and stagnates around, even traders have little to do but watch right now.

30 minute candles

bottom zone 3.70-4.00 area and current resistance toppy zone 4.50-4.80 area
The 'rally' pattern has grown a bit weaker in the developing pattern, looking more like sliding into a triangle flag zone around 4.40. waiting like traders and investors are. rally 60 cents to 5.00 or fall 60 cents to 3.80, from this middle zone. Bleeding down steps slowly,like its doing now, has support waiting at 4.25/4.20 area, that step is a key support step that needs to hold to maintain any bullish momentum, if it fails,I think we could see a continued drop to test 4 dollars,where interested buyers might be stimulated. and bottom fishers like me might set bids at the lower steps again, like 3.80 area.