Cytodyn Inc (CYDY)

[hopester]

Until the fundamental "issues" are known there's nothing you can go by but the charts and indicators. You only know what you "think" will be. Nothing else. Charts will give you trends . Your guesses will offer nothing but that.
And your definition of resistance holds no agreement with those who interpret it properly.
Resistance comes after stocks are bought at a higher level and then cannot go further , are sold. The buyers at the higher level, pick up on it, and sell as the stock rallies toward it . Shorts see it as an area that is an obstacle and they short. Buyers dry up. So the stock once again falls and a trend may or may not appear.
Of course positive news could blow right through resistance as shorts hold back, buyers come in, and sellers hesitate. Prices escalate until there high enough for profit takers, shorts to come in.
I cautioned many times as the stock got way Obverbought . Said it's on Dangerously Overbought grounds. And it gave back 60% of the run. Now theres resistance to penetrate those higher prices for reasons I described.
Technical analysis is followed and used by thousands of professionals and investors. And because its observed by them it's respected as a strong toll in investment decisions because others including fundamental researches use it to.
The chart I posted is as clear as day. Avoid it at your own peril.
And never forget ; charts don't lie but guesses as to what and when , calling them fundamentals, are not the safest way to invest.
Both should be employed.