The selling will continue until it stops. Anavex will continue with its trials receiving guidance from authorizing agencies and at some point the data will be submitted for approval. The market is beating Anavex like beating a defenceless puppy because it can.
Time to look for bargain targets. Looks like the first one was the 5 dollar area. would we see a bit lower next week? the moving average targets, and a few math targets at 4.60 4.40/4.30 area,possible? Under normal technical movement I would have expected the 6 dollar area to hold...but wow, what a slam down today. I bought a bunch at 5.00/4.90
Technical resistance now overhead around 6 dollar area. to watch.
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