Replies to post #316306 on Anavex Life Sciences Corp (AVXL)

[123tom]

The close up chart
5 minute candles, as AVXL pulls back now.

Watching for targets . support steps, resistance steps, bleeding down, plunging, bleeding, climbing and bouncing to resistance, rolling over and dropping down, looking for targets. In a cycle of bullish strength and momentum, supports should hold. then again,with MM manipulation to offer better bargains for big money, who knows where they can take it. Last time 22 fell 5 dollars to 17. would 28 fall 6 dollars to 22?
From todays peak at 27.85 (call it the 28 target) it fell to 25. now 25 gets broken down. as 26 resistance capped. Watching the price action in a pullback. Where are the magnetic math targets now.

Pulling back from the 28 target now
It will be interesting to see where the support holds strong now, in this bullish cycle.

[RedShoulder]

123tom, since this is a news driven stock, like all bios. When the much bigger Parkinson Dementia and secondary Parkinson Disease is PRed no later than the end of this month, next wed, I do not see that run up in your analysis.

If the news is good as we expect based on data released so far, where do you see the SP after good to better than good news is released??

Technicals work good on Dow and S&P more stable stocks, but not so much with biotechs driven on good news or lack of it.

So where do you see the SP going when PDD/PD is announced?

[blue finch]

Glad you picked up on my question
I will read and re read your reply later and thank you

Yes a rocket ship would be a fun ride and not cost 20 million to go with Elon either


Best of luck