Cytodyn Inc (CYDY)

[d0lphint0m]

Thank you.
The tthing that alerted me firstlly was the broken downtrend line, then the break of the 50 day sma then 200 day sma. The thing thay kept me from beiing more aggressive on the breakout was the Accumulation/Distribution chart. It still is not ideal. But that also looked ugly in 2019 before the Covid run. It looks like we are back testing the downtrend line breakout but think .15 should be solid support, if we get there.
As far as resistance, .42-.45 is where it has topped out in May and December, so that is first order of business TA speaking. But I am one who believes like Misiu that the potential for LL is tremendous and the move from .23 to $10.01 on just Covid potential was a snapshot of what could happen if the potential was revealed.
This, ofcourse, is not a recommendation to buy, just one person' opinion or IMHO.
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=1&mn=3&dy=10&id=p53955527460&a=1508804537&listNum=1