Thursday, April 01, 2021 10:09:52 AM
If that happens, CYDY and HGEN share prices at that point will become support and/or resistance for both companies.
CYDY almost always responds crisply.
HGEN's spread at that price will likely be gapped on both sides of the share price, and our response in developing either support or resistance will take some time to establish itself, and may vacillate between serving as both support and resistance for a period of 20 or so minutes. But it will develop.
Unless one of the companies begins trending after price change parity, both companies will return to the indicated support/resistance level in the last two hours - 90 minutes of the session, and will not exceed those prices more than a couple of pennies for a limited time, if at all.
FWIW.
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