pythagoras

Complete Fractal labeling of CYDY

Long
OTC:CYDY   CytoDyn Inc.
CYDY is following last week's projection well, spiking parabolically higher to $7 instead of $6 but coming back to $4.5 support area as indicated. Here are my longer-term CYDY wave labels. Interestingly we're once again approaching the original central pitchfork channel started in November 2019 at $.26. That may provide some immediate resistance around $8 but if we can penetrate it a bit in mid-January gets us to $10-12 on COVID trial results. Then we can imagine a 2,3,4,5 of III path taking us into the $20s (for a retest of the upper 2019-$1 to July-$10 trend line) upon actual FDA approval for COVID.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.