Cytodyn Inc (CYDY)

[hopester]

Look at the chart. Indicators have begun to turn positive. Good
Now look at toe Overbought/Oversold indicator ( the williams % R)
It's getting close to extremely overbought. Review the reaction to the stock when it becomes extremely overbought. You'll see it pulls back.. in every case.
Conclusion- While the sh/px can continue to move up short term, it woll then become Extremely Overbought and if history repeats , a pullback will occur.
At the same time it become extremely O/B it coincidentally runs into resistance.
Conclusion- Unless there's some extraordinary news the market is anticipating, I'd hold and wait. Should it blow through the resistance, I'd be a buyer even though I'd pay a higher px. Momentum would be with me in that case.
Now we wait!


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=cydy&x=34&y=13&time=7&startdate=1%2F4%2F1999&enddate=6%2F18%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8