TradingView
The_dumpster_diver
Feb 11, 2019 6:09 PM

coty-rising wedge 

Coty Inc.NYSE

Description

likely to fall back to trend. did break out of a major downtrend so fall back to trend will be healthy longer term
Comments
The_dumpster_diver
im holding march 1 $9 put for .15 x2
The_dumpster_diver
fundamentally i would deem this company on the brink of bankruptcy. price to sales are appealing, but inventory turnover and leverage ratio shows theyre having a hard time selling product or COGS may be an issue. leverage during this next part would make this not an appealing long term hold. remember high yield plays do not guarantee lower risk, they actually should be seen as a WARNING SIGN.
More