Replies to post #449275 on Anavex Life Sciences Corp (AVXL)

[nidan7500]

.the next move up which is not that far away needs to be with conviction, that implies big price push & volume

sab63090

todays AVXL premarket price makes no sense at all ?

[123tom]

In fact, Steve, wouldn't the basic move here , if there's no news coming now, marks this current bounce as a floating up ,like a price adjustment coming after the big plunge from 9.80 to 5.80. Now price is slowly settling into a balance around 7 dollars.(6.50-7.00) But because we see the key ma's overhead at 7.25-7.50 area.... that zone is the magnetic Resistance target that should be reached in the current upwave. And I would expect to see a strong selling effort there.
Those key ma's are a big magnet on the chart. We'll learn more if/when that ceiling gets reached.
Somebody here has a motto saying ... can Avxl be an 8 dollar stock again ?
That's the current question for real at the moment.