AVXL Week 12/07/21 - 17/07/21.

NASDAQ:AVXL   Anavex Life Sciences Corp.

It is my first public analysis after having a dozen or so or private and correct analysis. I believe however I need to disclose I am not a financial advisor, however I am a investor in several of AVXL positions and have been studying this stock for a while.

Anyways, in y analysis I came to spot the formation of the first smaller cup, and fibonacci regressions to predict accurately the last peak of the AVXL stock. Furthermore, in the current down correction of the market, with still strong buy technicals came to spot the formation and current development of a larger, rather shallow second upwards cup; in white. measuring and using the fundamentals values of the last 3 AVXL formations I predict the formation of a handle. bottom at the range of the dotted and solid red lines, price consolidation should happened between $24.04 - $24.62. before carrying on its upwards trend hitting the $28- $28.15 mark. depending on the height in relation to the last price peak on 9th of July which should see a new price consolidation range of roughly $28.3-$27.1 before breaking upwards in the magnitude of 410px -420px. from the this new base price, a conservative calculated peak of $29.6 but possibly as high as $32.

Important to note would be whether AVXL has the ability of break the previous highest resistance level of $29.65 - 31.5. Failing to do so we could possibly see a big market reversal. plummeting AVXL to the previous base price of $20-21.5 within next week before trying to break this ceiling once gain. On the other side of the spectrum. Breaking the $31.5 resistance is unlikely to maintain these gains due to no changed fundamentals, but it would solidly the new support price at $27.2 - $27.9 and a solid base price at $25.2. before seeing further advancing into my predicted $35-33 Price consolidation at market optimal point before a change in fundamentals. This is in the form of the success of their clinical trials and pending FDA approvals, which, if continues the positive trend could see this company valuation triple over the course of a few days and its stock value (under current float outstanding) easily reach pass the 80-90 dollar mark.


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