Aytu BioScience Inc. (AYTU)

[THREE-DAY-TRADER]

SMA 20 is not a bad idea in terms of one support level for considering it, but as far as I'm seeing, it is still cratering downward, so I am not asserting a specific entry on $AYTU yet or declaring it a buy yet. SMA 20 last I checked just now was .48, and it has already breached that lower to .46 so far today.

Wait for stability. These types often will re-test old lows or worse, so .42 or .38 re-test (or maybe lower) not totally impossible to happen.
It's already seen .46 for a low so far, but if it holds that and stabilizes around there (or at the 20 SMA of .48 as of 4/4) then begin a position. But don't get over emotional & excited to get in hastily. One has to be objective with these stocks & not fall in love with them.
....I said last week to watch .65+ needing to hold and so on, but not many listened to me. Anyone who chased it last week at .60-.70 should have stopped out near .65 or .60 at least for protection based on technicals needing to hold up, unless of course, they are not short term trading it and daring to hope for longer term uptrend eventually.


Hope that helps you some.



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I never deceived anyone and gave good advice timing on $AYTU.
It's funny how I'm attacked here for being right on timing the stock all along & for helping people instead of promoting this stock at the wrong time like many others here did which caused many to enter much higher than they needed to.


More info below on following me & what I said last week on $AYTU:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139625434