Replies to post #424206 on Anavex Life Sciences Corp (AVXL)

[123tom]

At the moment , watching this pattern downwave steps ,rolling over. It's a classic stepping down pattern, and I trust the technical prices, basic pattern like head and shoulders resistance, as a trigger, these are the things we're seeing play out. While waiting for good news, etc, the same old game. I've been calling the larger picture a Range pattern, from a bottom zone around 7 dollars to a top zone around 13... and this is what the Range pattern does. Here we are heading back down to 7 again. Maybe 7.25 will be the bottom this time. Or 7.50... it does take some guessing at some point. But if I can get in the target zone, I'm doing ok
At the moment, I'm not anticipating a bleed below 7.