Technical analysis by MrGert about Symbol COTI: Buy recommendation (7/3/2023)

COTI COTI - Elliottwave I: Impulse 2019-2021 II: Expanded flat correction (3-3-5) III: Momentum phase next up Red C-wave ends with a descending broadening wedge, 'E' hit almost the 0.618 retracement of ATH-ATL Targets III: $3-15, $5 main When zooming in it's clear that wave A through E within the wedge can be complete: each wave can be subdivided in a 3-wave (A-B-C). Chances are that the $0.04 line gets tested. The latest move up is reminiscent of a potential bear flag. This wouldn't break the macro structure at all