Cytodyn Inc (CYDY)

[hopester]

the stock had a nice move today.
Now it's up against major resitance and in an Extremely Overbought Condition. And is pulling back from the early high.
I showed the chart yesterday of the Williams%R ( the O/B O/S condition.
The stock now is Extremely Overbought and in the past multiple times, the stock has corrected. While the stock can remain in that condition for a short while I'd expect a digestion of the gains made over the past 2 days.
Clearly, the stock is showing strenght. So now if they deliver on any meaningful (non-fluff) news, that will carry the new positive to higher share prices.
Not just yet as it's too Overbought now and needs to let a little air out of the balloon.
Nothing else has changed unless they clean up their financials and deliver on LIMBOLAND.