Replies to post #428701 on Anavex Life Sciences Corp (AVXL)

[mike_dotcom]

"I am amazed that the big shakeout below $7.30 to $7.50 has not happened to break psychology even if it might be a false one...." You know it's coming.

[123tom]

Give the price action time to make its moves. Every day can offer some clues, even today, with small battles capped at 8.15, support step below 8.00 , holds today at 7.90. The next big move is still setting up. 8.15-8.25 could cap and begin the dollar down move. Support at 7.80-7.90 could hold, and begin the next dollar up move.
Which gives us a playing field to watch targets in the bottom zone 7.15 to 7.50 and targets in the upwave 8.80 to 9.20 , for now. Serious upwave rallies would target 10,11,12,13.