Stop loss activated, can confirm $4.50 was the tip of an XABC. D is yet to be confirmed. $3.985 resistance was broken. COTY is now trading in no mans land. Will wait for confirmation of a long position. The chart drawn shows a potential outcome.
*Not financial advice, just an idea.
Comment
⋅
Conference call on Q earnings will be important. Coty is unlikely to go further down than 3.17ps. That would imply a worse than COVID reaction using real world fundamentals.