Market Blog Technical Analysis

Gap fill candidate to the long side: Antonio’s Perspective

CytRx Corporation (NASDAQ:CYTR) price has formed a big bullish candle on daily time frame with volume 12x above average. The heavy buying makes this an interesting situation and one worth watching on Monday. From a technical standpoint, the stock is starting to show some signs of accumulation with high volume on upside days and low on downside days. I expect this rally to continue next week which can take prices towards