Hubert Senters here.
Let’s take a look at Coty Inc., COTY. Earnings bracket trade here and I never follow the earnings per much whether they beat or they missed. The reaction is usually in the price action so they could have missed for all I know and it’s gapping up.
Usually, it’s not the case so they probably beat earnings. Now, this is going to be your bracket trade for next week on COTY. A trade or a close above $9.37 will be a long, a trade or a close below $8.49 would be a short. Use a stop-loss to trickle with and targets. I would recommend using at least a one to three or a one to five risk reward ratio. That way if you’re long you’ll still be taking care of.
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