Replies to post #452495 on Anavex Life Sciences Corp (AVXL)

[JoeBear906]

Cramer refers to Pin Action, I think its related to gravity waves from the churn of the Nvidia's mass splashing the NASDAQ up 3.08%. So we, in the wash of this churn will wobble. But note that we aren't breaking 5 bucks (by much). TGD says he wants to surprise the market. Now is his chance. Maybe Timo G. will surprise us in Lisbon.

[BIOChecker4]

Since George is hiding out today in shame, I’ll fill in for him. Expect a surge of buying volume in the last 10 minutes of trading with the stock close to at the intraday high on buying volume of close to 2 million shares.

DOG bless,

[123tom]

@ nidan, fwiw, I don't focus so much on close of day, but instead see where the low and high went, and if any targets get reached... like today did. See what support broke down or held, etc, and now, see where overhead resistance is waiting to strike again. Watch to see if the low holds at 5 now and pivots upward, and climbs strong or weak, watch to see how many times price bounces down at the resistance capping zone, unable to break through. That resistance in my view, is waiting around 5.30-5.45 area if we see any bounce tomorrow. Right now, the bigger chart picture has made an important move today... a double bottom at the 4.95 bottom. If we don't see some kind of decent bounce here, in the next 5 days, to at least climb back to retest 5.80 area, then the sentiment is looking bearish, in my view. Not neutral, bearish. But it just has to be watched now. Resistance starts now at 5.30 area. Every step higher is testing resistance that could cap and roll over and tumble, like we've been watching since January. Without some good news, I don't think the bleeding down will stop here at 5. But I could be proven wrong.