Cytodyn Inc (CYDY)

[trding]

Technical analysis is not always right, but just like the casinos, all you need it more than 50% probability on average to make money in the long run. That is why in blackjack the dealer wins in a tie, or why in roulette you need green. With daytrading you don't even need 50% if you cut your losers fast.
Also, technical analysis is probably one reason for the big resistance at .64, if I was trading this stock, I would have sold this last run up before now, i.e. TA has been against us this whole month. But I know we are expecting news (within say a month), it is holding the price up, despite the will (mm, or people or trading algorithms) that want it lower. That is not showing in the chart. I was saying if we break that barrier, .64, we might see a breakout...something I look for when daytrading all the time. Breakouts work because one resistance is broken people tend to buy heavily, knowing the stock is very likely going higher.

I have used TA on this stock though to find buy points. I am up very nicely, but will hold even if it drops some because I know what is coming.