Replies to post #444151 on Anavex Life Sciences Corp (AVXL)

[baltimorebullet]

I think they gave the thumbs up in just a month to make that confusing pile of paperwork go away.

[123tom]

Well said, falconer. And considering the successful development , and where it is now, setting up to make the giant leap forward in the coming months, I'm more confident about the October low at 5 dollars being a major cycle reversal point, and since then, this major upwave recovery is looking good, as it broke through the first set of resistance levels, and boosted by good news at the right time, continues upward now, the chart is representing the positive development . This is how the chart should look. Now this rally from the October bottom is an important pattern to keep watching. We might not see bargains to buy shares at 6 or 7 dollars anymore. But old pivot lows a few years ago were seen as bargain
bottoms at 10 and 9 dollars.Price should be looking to develop a support shoulder here at 9.00-10.00 area in this upwave pattern, over the coming weeks. So if we see any pullback now, back into the 8's, it would have to be considered the technical bargain dips to buy. In my view. Any price in the 8's might be best bargain in this very bullish pattern.