Replies to post #402673 on Anavex Life Sciences Corp (AVXL)

[123tom]

I agree. now as we see the price dropping lower, I just adjust the chart picture a bit, it looks to me like the rally is gone now, and we're watching how far down price can b taken. The high rally zone was looking at 12 and 13 area, now the picture changed for me, and I'm watching the downwave that has a range from 10.50 to 7.50 in play.is what I'm looking at. 7.50/ 8.50/9.50/10.50/ with an 11.50 resistance top area. The rally was basically 8 to 12. now the downwave is happening. Its possible on the fibonacci targets it could hold here at 9.50 area and start a new rally wave, but I'm not feeling it . Waiting for the bottom to buy now, some trading shares, below 9. to sell around target 11.50 area.
Still watching out for the market crash. Hard to know when that is coming.

[ExtremelyBullishZig]

Yes, but the mistakes within the company communication and lack of a clear winner will make the range pattern more dramatic than it has to be. I am tired of people thinking this is only a macro environment issue. It means they still don't understand. If they provided data showing that this will be approved...it would be green regardless of the macro environment.