Replies to post #353498 on Anavex Life Sciences Corp (AVXL)

[123tom]

I agree with your thoughts here

and if I can add a few of my own, the times we live in now are very precarious and the stock markets are very nervous, there seems a fair possibility that the markets could crash in the next war events or appearance of war or disaster events, still to come, but could be soon. If the market crashes,I would expect AVXL to crash along with it, and the TA puzzle would be to see if there is a target at the bottom that would become the finished Bottom, in a crash? where could that be for AVXL...maybe all the way down to 3 dollars again? who knows. Right now its been zig zagging around 10 dollars, with a low at 9.30 area. I see 9 dollars very much in play in the current downwave pattern, and if it goes there then the 10 dollar base is broken, and we could see the 8 dollar targets in play. as AVXL bleeds ,bounces and rolls over and down lower steps like its been doing for weeks now.
After the 10 dollar base falls, the next major shelf support zone, in my view, is the 8.00-8.40 area. Would that be the Bottom in a crash? I think a crash would send AVXL down to the 5/4/3 area. shocking to imagine,yes.
If as you say, the time frame for Anavex success could be over a year away, that gives the wall street trading game a lot of time to push it up and down, and it means trading shares is more important than just holding. and if we go by the recent past patterns, the place to take some profit was 30/28/25/23 and 20 area, maybe even 18 area. and now,I'm just waiting for that crash to come, so I can buy some more ( at 3 -5 dollars,maybe?) with the intention of taking profit
on trading shares around 13-16 dollars. not being greedy and dreaming of 23 again, I'll be happy with 3 dollars to 13 or 15,for nice profit. My core is around 1.25 which I dont ever sell. But at this time, watching the political events and tensions building in the world, there are black swan disaster events waiting to trigger a market crash. Thats been my whole focus and warnings for the last 2 or 3 months. Dont buy the dips too soon. Buy the crashing giant falling knife hopefully close to the bottom if you can 'see' it when the market collapses. wait until you see the big crash. and AVXL plunges 7 dollars.