Replies to post #318648 on Anavex Life Sciences Corp (AVXL)

[Steady_T]

Is it your opinion that the gap at $15.50 will fill ?

[WolfofMia]

This is how I built my position over the 10+ years I have followed the stock

Wow 10+ years plus of following a stock that hasnt been around for 10 years is indeed impressive.

[123tom]

AVXL filling gaps are one of those things
that may be a big clue,but somehow I've never felt 'Gap fills' are all that critical. But definitely represent a zone to watch, and these days now AVXL's Gap zones are big zones. Ive got a few other things I look at for clues. with my Fib/EWave charts. and much of it revolves around
steps of support and resistance. the pivot point spots, but I agree the gap fills are a clue to notice.
Looks like we are seeing patterns now of 2 dollar moves down. 1.70-2.00-2.50 down in these scalloping waves.
Resistance steps overhead are visible.
In a recovery bounce from this latest pivot low 22.75 area needs to reach 25.50 area and then pullback hold at 24.00-23.40) support steps, a support shoulder zone there.
In the technical track picture Ive drawn, its based on the bottom holding at 22.70
Watching for finished bottoms
But resistance around 24 to 24.50 area could send the next downwave into action, for lower targets like 22.50-21.50 area. in the AVXL bleeding down game.