Bull Pennant on COTY: BREAKOUT= MAJOR UPSIDE
Updated
A Bull pennant has formed on COTY and looks like it will attempt a breakout soon... If breakout is confirmed I expect to see some major upside to the $12+ level... I will watch price action as it approaches bottom support line and if it reacts as I anticipate I will strongly consider buying mid-February expiration call options
Note
COTY upwards breakout was rejected and has now broken through bottom support line... Stay away for now as a major pullback is probable
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