Replies to post #332153 on Anavex Life Sciences Corp (AVXL)

[Bourbon_on_my_cornflakes]

When posting the runes, please provide interpretation.

how can the 200 dMA be at $5.64 when this stock has been trading over $10 since february? Looks like it should be at least $10.

So the conclusion from the stochastics is the stock has bottomed.

The conclusion if we go below the 50 day average of $13 and change is that we go to $5.64?

commentary desired

[sab63090]

Kentucky123

I liked your chart and using the weekly chart, too! I like simple rather than a busy chart; it gets to the overall picture. I've noted some interesting things in observing the recent price action..note the RSI has pulled back but not collapsed either. It's around the level (50+) which was where the price was before the run towards $32. I noted your nice observation on the Stoc set up in comparison to 2019 turn.

I see a nice potential double bottom around the level 123Tom was looking at in a later post.

Yes, a gap still remains around $15, but not all gaps fill.

As you mentioned both the 50 "week" and 200 "week" are aiming higher, but it would probably be best to use the daily 50/200 SMA or EMA's.

I'm surprised that no update has been released on data, so I have to work with what we have....MACD is stretched and should turn, imo.