(LYT) Maintains Key Support Level At 50-Day SMA Early (Could Signal A Strong Friday Ahead)
LYT needs to be at the top of your watch-list right now.
After a slight pullback in after-hours yesterday, LYT continues to hold strong above its 50-Day Simple Moving Average (SMA).
And with it already trading above its 13-Day Exponential Moving Average (EMA), LYT could be building key support for it to try and run down its 200-Day SMA (approx. $.77+).
Remember, this is a low float idea with fewer than 6Mn shares and has a big company update out this week.
Drop what you're doing right now to get LYT on your radar before it's too late.
*Lytus Technologies Holdings PTV. Ltd. (LYT)*
Lytus Technologies Holdings PTV. Ltd. is a growing platform services company. The Company’s business model consists primarily of distribution of linear content streaming/telecasting services and development of telemedicine products.
And based on several potential catalysts, LYT needs to be at the top of your watch-list now. Check them out:
No. 1 - With A Low Float, Volatility Will Need To Be On Watch (Closely)
No. 2 - A Corporate Update Provides Clarity On What Could Be A Very Bright Future
No. 3 - An Explosive Chart History Is Must-See Stuff (Major Short Term Mover Capability)
No. 4 - A Huge 2023 Acquisition Further Establishes A Strong Presence In The Indian Market
But more on those in a second...
LYTUS Company Overview
Sub.scriber-based cable streaming company with stable growth and strong tech team. Providing a comprehensive and diversified range of bundled offerings across healthcare, fintech and streaming segments.
Fintech platform services for sub.scriber-based technology entities for our sub.scribers and advertising entities in India.
Developing post-production technology labs with patented technology workflow for 4 K & 8 K resolution, servicing all major.
Hollywood studios; along with a high-end physical production studio for content creation in Hollywood.
Transforming a nationally distributed American TV Network and OTT, in the U.S.
Strong healthcare technology business with device integration for remote patient care and partnerships with existing hospital networks.
Strong revenue base through a sub.scription model and advertising income in India. Developing technology platform services and generating revenues in the United States and in India.