Cytodyn Inc (CYDY)

[kevindenver]

Well first off ... a picture of level 2 isn't of much value to technical analysis.

$CYDY has been in a steady downtrend from $6 to $1.06 since Feb 2021. There was a recent short term rally Sept. to Oct. from $1.30 to $2.50 which faded to today's price of $1.06.

$CYDY is the definition of a stock in a downtrend.

The first sign of a possible trend change will be for the price to break $1.09, the 20 day SMA and then the 50 day SMA at $1.22. Until that can happen $CYDY is in a DOWNTREND.

The support level is $1.00, if $CYDY breaks down through that level the next support is $0.80

The technical analysis for $CYDY is AVOID.