Analysis Summary For Anavex Life Sciences Corp (AVXL)
Analysis Date: August 25th, 2023
Time Target: September 1st, 2023 (+/- 5 trading days)
Price Target: $6 (+/- $1)
Projected Move: Almost 700% gain by April, 2024 (~7 months)
Our work shows that AVXL will experience about 700% gain between September of 2023 and April of 2024.
Trading Recommendation:
A long position should be put around $6 (+/- $1) where we expect a long-term bottom on or near September 1st, 2023. A stop loss should be placed at $4.5. If AVXL gets lower than $4, the overall forecast will fail. About 700% gain should follow within the next 7-8 months after the bottom is confirmed.
There are going to be more exact time and price projections for the bottom as we approach April of 2024.
