Cytodyn Inc (CYDY)

[hopester]

Technical Indicators-
MACD- rolling over pointing south...lookingto go further south
RSI- falls to the neutral line
100 day MA- still above
O/B O/S ( Williams %R )- Now Extremely Oversold. This indicator is quite reliable. Look at prior times where this indicator registered an Oversold condition. Note that it rallied from that point each time.
Stocks can remain Oversold for days and their prices could even go lower. But the indicator shows that the stock is setting up for a nice bounce soon. It could happen at any time, now or at lower prices.
Now if the stock remains above my $4.75 +/- range on a closing basis, it will have successfully tested it 3 times. That's sufficient for me to conclude a tradeable rally is at hand.
If it does rally, there's formidable resistance in the $8.00 -$9.00 area which won't be easy to hurdle.





https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=cydy&time=8&startdate=1%2F4%2F1999&enddate=7%2F11%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=8&lf=4&lf2=2&lf3=256&type=2&style=320&size=2&x=55&y=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10