AYTU still looks like a good swing towards the 50 ema
After closing at .72, even with the news about .54 warrants
being issued after hours on 3-27, AYTU still recovered to .69
when the night was done. Traders should take note the
daily chart gives us lots of reasons to like this as a swing
play since March 23.
1. Higher highs and lows
2. Increasing buying pressure/volume
3. RSI approaching bullish 50 cross
4. MACD still in bullish uptrend
5. Nice ema hook in development.
6. Broke over 20ma resistance at .64
7. Price action has the 50ma at 1.29 to reach for.
being issued after hours on 3-27, AYTU still recovered to .69
when the night was done. Traders should take note the
daily chart gives us lots of reasons to like this as a swing
play since March 23.
1. Higher highs and lows
2. Increasing buying pressure/volume
3. RSI approaching bullish 50 cross
4. MACD still in bullish uptrend
5. Nice ema hook in development.
6. Broke over 20ma resistance at .64
7. Price action has the 50ma at 1.29 to reach for.
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