Thread by @malteseinvest

Analysis: #NASDAQ $AYTU

Case 438 #Aytu BioScience Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#AYTU 1/5

Chart 1
Daily Chart: The #parabolic move seen in Mar.2020 stalled exactly at the one year trendline #resistance and has since corrected lower to the #Fib. 0.786 at 0.90, the gap has been partially filled - off by 0.45. #Momentum is negative and beginning to .....

AYTU 2/5

..... fall. The range is 2.17- 0.58, heavier at the top due to short term profit taking. Price needs to close above the Mar. 2020 #trendline with #SMA 50 riding it at 1.41, then hold above 1.72 to target 2.01/05 but #bullishness will only be achieved by the .....

AYTU 3/5

..... close/hold above the #pivot at 2.32 to target 3.30. To the #downside, aggregated buy orders at 1.27/13 and below there Fibs. 0.786 and 0.886 at 0.90-0.64 respectively.

AYTU 4/5

Chart 2
4 Hour Chart: The #Strategy is printed on the image.

$AYTU 5/5

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