NoGo Identified on $COTY

NoGo Identified on $COTY


May 2021


Alex Cole

$COTY sees GoNoGo Trend flag a "NoGo" as price continues to move lower.

Recently, we saw price break down below an upward sloping trend line and as it did enter a period of non directional "Go Fish" bars.  The GoNoGo Oscillator confirmed this change in trend environment by crossing into negative territory, unable to find support at the zero line.  Finally, the "NoGo" is recognized by the GoNoGo Trend to complete the bearish picture.