Cytodyn Inc (CYDY)

[jimmy667]

I agree with Bucwheat. This looks like machinations of the Market Makers. Earnings are due anyway and they could be front running that or shorting short term on the good news thinking might not be another catalyst for awhile. Daily RSI is 25% that condition rarely last more than 10 trading days and is usually followed by a big surge in share price in the weeks following a break back up over RSI 30%. The last time it CYDY stock price broke back over RSI 30% CYDY jumped from $1.05 to $1.37 in five trading days. This time the RSI dip is deeper so could see a quicker and higher rebound. RSI 24% is a good time to buy in most instances. It could go lower but could also rebound sharply at any moment. If naked shorting it could rebound before the end of the day today. I am definitely a buyer here and selling some blue chips to amass shares of CYDY.