Replies to post #130312 on Cytodyn Inc (CYDY)

[d0lphint0m]

https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:flag_pennant_continuation

Compare the second chart in that article with this chart.

https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=11&dy=10&id=p45302019340&a=842658169&listNum=1

[d0lphint0m]

The one thing that concerns me is that a flag formation is a short term pattern, usually lasting a maximum of 4 weeks. The flag formation I posted is 4 months long.
The longer term patterns are triangle formations and one could argue that we had a descending triangle formation. I hope not. But descending triangle formations are usually "continuation" patterns of an already descending formation. CYDY has been in an ascending formation for the past year.


https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:descending_triangle_continuation