Replies to post #442527 on Anavex Life Sciences Corp (AVXL)

[ExtremelyBullishZig]

They don't care...they will just join another board to collect more options. That is the name of the game.

[ignatiusrielly35]

Yeah, it’s a bit ridiculous to conclude that the BODs doesn’t know the reason for delays. The reasons are what they are. Although they should ask him to stop making timelines that he is unlikely to meet. Not meeting them really doesn’t affect anything other than shareholder morale. Some shareholders, at least.

[123tom]

Price action makes a decent support hold today and a good looking bounce. Upward,through the resistance zone around 8.00-8.25, not completely out of the woods yet, but upward is not downward. Recent days have seen the price sliding sideways and shallow pullback, which looks like an Elliott wave 4, today could be the start of the rally Wave 5. I'd be watching next for testing resistance targets around 9.25 area as the next 1 dollar move... examining the pattern so far, from a major bottom at 5 dollars... demonstrated support pivots at the right places on its way to test the 8 dollar resistance zone. And in the latest sideways slide, held support at 7.70/7.80/7.90 area and now breaks upward to 8.30. This upward move today looks positive to me. A major pullback would have been retesting 7 dollars, even lower. But it held a shallow (wave 4) pullback. So, I'm calling today's rally bullish , and watching for follow up momentum next. Let's see what the next few days look like.