Jun. 29 at 6:11 PM
$COYA Point & Figure chart update. With today's price action we had a Triple Top Breakout on the P&F chart, AND we broke thru the long term resistance line. This is an EXTREMELY Bullish breakout on a P&F chart
A reasonable historical benchmark is about 70%–72% positive after a Point & Figure Triple Top Breakout.
One commonly cited Dorsey Wright-based statistic puts the success rate at 72%, with an average gain of about 21% for successful triple-top breakouts.
The next area of resistance is around
$7.00 which happens to also be the 20% above the current price.
Coya is in a solid financial position with about
$50.7 million in cash as after an
$11.1 million private placement led largely by Dr. Reddy’s who has partnered up with them. FDA granted them Fast Track designation for COYA 302.
