Swing Trade Idea – AVXL Anavex Life Sciences ( NASDAQ:AVXL ) is a clinical-stage biotech developing precision medicine therapies for CNS diseases like Alzheimer’s, Rett syndrome, and Parkinson’s. Its lead drug has shown promising Phase IIb/III data in Alzheimer’s.
The company holds strong IP, operates debt-free, and benefits from long-term tailwinds in neurodegenerative treatment demand and regulatory fast-track pathways.
Technical
Since Feb 28, AVXL has been climbing within a rising channel on increasing volume, signaling accumulation. RSI is rising but still below overbought. A breakout above $10 with strong volume could trigger a momentum leg toward $11.50–13.00. Pullbacks to $9.50–9.60 offer low-risk entries.
Setup
Entry: $10
Targets:
🎯 $10.50
🎯 $11.50
🛑 $9.20
Risk/Reward ratio:
⚠️ 1:3
Factors to watch this week for NASDAQ:AVXL
👉🏼 Price holding above $9.50 support and within rising channel
👉🏼 Breakout attempt above $10 with strong volume
👉🏼 Rising volume on green days (watch for volume > average ~1M)
👉🏼 RSI staying above 60 and trending toward 70
👉🏼 Reaction to any pullback – buying pressure near $9.50–9.60 = bullish confirmation
