LYT - Looking for a 10% move on entry

NASDAQ:LYT   Lytus Technologies Holdings PTV. Ltd
LYT began trading on the market as of June 15th 2022. Since then it had rallied to the high of $47.23 before nose diving all the way down to 5.15 in one day. (No news that I found to substantiate this move) The days to follow had it rally to the lowest point of $4. 01 . From there it had a nice rally over a few days to the high of $7.41 before pulling back down again. Since then the stock has been steadily consolidating above the $5 zone which is where I find it being its support zone . I will be watching this more closely for an entry in the $6 zone if the technical setup lines up. I would be looking for a 10% move from that point (Not financial advice)

Link on the most recent news from June 17th 2022 below

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