Replies to post #454390 on Anavex Life Sciences Corp (AVXL)

[boi568]

I suspect some of that massive volume on Friday was Anavex selling some shares into the market.

[sab63090]

Yes, Tom the trend is down and struggling here.

I note that the $XBI price flipped and is touching the 50 day, so that is potentially support (I was surprised about the sudden decline),,,$AVXL is not looking great for sure since the trend is still down.

Missling will have to show some favorable data if discovery comes....and he certainly will have to prove his conviction in still holding that away from investors at that point in this legal exercise....Man, I hate legals.

Price level and conviction volume will probably give more clarity as to direction...