Cytodyn Inc (CYDY)

[hopester]

Look for the post where I did say the stock was Oversold and would not be surprised to see a bounce. T/A could not forecast how high the bounce would be but admittedly it was greater than I envisioned... more than a "Dead Cat".
At that time I also mentioned that the indicators on the whole showed some slight improvement which supported my belief it would come out of it's Oversold Condition.
Stocks can remain Oversold or Overbought and become more
so for a while which means they do not reverse exactly at the time they enter that condition.
Given the Overbought condition CYDY is in now and the fact that overhead supply ( resistance) is just pennies above, I'm looking for a reversal to the mean. I'll be watching other indicators to confirm my thinking.

Of course a fantastic piece of news (like Limbolump can grow wings on man and we'll fly), will carry the stock higher as the momentum continuous.
But T/A is purely based on charts and indicators. It does not measure or consider fundamentals at all.