Replies to post #370973 on Anavex Life Sciences Corp (AVXL)

[sab63090]

Hey Tom,

Yes doing better slowly! That 200 Day SMA resistance worked its magic on the $SPX.

As I mentioned, I would use the Weekly Chart on $AVXL especially as it formed a double bottom at the 200 Day (around 7.50 or so)...the pullback seems gentle based on that......using the normal daily chart we have hopeful support at the 50 day, if it holds, and then 9.50....from there I would adapt, but I personally don't expect that.

The pre-market for stocks looks sick with the dollar very strong, not a great backdrop for stocks.