Apr. 14 at 2:18 PM
$COYA Pont & Figure chart update. I use P&F charts since they take the noise out of the daily volatility and trading prices.
Coya had to omove from
$3.75 to
$4.50 to denote a change from Sellers/Supply (denoted by "O"), to Buyers/Demand (denoted by "X").
The stock is currently in the hands of buyers/demand, the "X" column, which is Bullish
A move to
$5.00 will be a double top and a break of that (very Bullish sign) brings us up the the long term trend line of
$5.50~
$6.00. After that we have open space until
$7.50.
Based upon the april 9th news and Dr. Reddy's recent investment, we are headed in the right direction and the chart is shaping up nicely. Plenty of cash on hand with upcoming catalyst can likely move us toward, and above the trend line. I remain Bullish and continue to like the risk/reward and have been adding at these levels.
