Replies to post #354659 on Anavex Life Sciences Corp (AVXL)

[end2war]

Even so, one way or the other, UP is UP! My inflection point where I will say we are out of the woods is when the 50 day MA crosses back above the 200 Day MA, the so-called "golden cross". I would rather have gains linked to AVXL's good news, but I will take them any way they come.

[sab63090]

Certainly with the QUAD Witching today you have a point, but as far as I can see....the XBI has bottomed out (I was wrong last time) and AVXL looks even stronger (in comparison)...ACAD looks very good so far, ANVS broke the resistance @ the 50 day...SAVA not the best, imo.

I'm impressed with the RSI not quite overbought and the MACD confirming the trend on AVXL....let's see if we get a volume confirmation!

However, you correctly pointed out that we are at a resistance spot (the 5th effort to break above 13 to 13.50)..

[abew4me]

Agreed. When AVXL moves (upward) independent of the XBI...then I will get really excited. But hey, I'll take the current price action since the XBI is oversold and pulling everyone along.