Coty (COTY) buy potential shares of the beauty company have been on the rise, after being upgraded to overweight from neutral by Piper Sandler. Among the catalysts are Coty's increasing exposure to China, which should allow for recovery tailwinds, the firm said. Technically, monthly price action has formed a bullish flag structure, a breakout observed....
NYSE:COTY Possible Scenario: LONG Evidence: Price Action. fill the gap TP1: 8.30$ TP2: 9.25$ Call options, Strike 9$, 01/21/2022 *This is my idea and could be wrong 100%
Shares of Coty rose 4.07% to $8.18 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.15% rising 1.15% to 4,357.04 and the Dow Jones Industrial Average DJIA, +1.43% rising 1.43% to 34,326.46. The stock's rise snapped a three-day losing streak. Coty closed $2.31 below its 52-week high ($10.49),...
I want to see coty drop rn bc if it's gonna go up it will very likely confirm a head and shoulders pattern which is rlly not what we want rn and could go even lower than 6s so i'd rather see it drop rn for a correction and then recover for much higher targets NYSE:COTY
Almost there. Broke down from wedge and next support should be nice place to cover trade.
Bad earnings threw gas on the fire. Rising wedge usually always break down. Now we have structure break on pattern.
Top of upsloping wedge. Needs to break out of this formation to continue upwards.
Possible head and shoulders pattern on COTY. Measured move target listed on chart. Would need to break slanted neckline to confirm.
Looks like Coty is picking up steam Check out LC chart, looks almost the same. Long term down trend, breakout, re-test. One of the most reliable set ups. Could still pull back in 6.50-7 range but that would be a buying opportunity. Monster potential to run to $20-23
Man this stock just behaves to nice. Nice rally today. broke out of channel. backtested channel in ext hours. beautiful. just went positive on mac d as well.
Selloff looks to be over and breaking out of nice descending channel today. Backtested the prior resistance yesterday.
Backtesting the breakout on the weekly timeframe. looks amazing so far even though we have rest of day today but this stock is strong AF.
Beautiful breakout.... and end the week with a bullish engulfing daily candle to start next week off right.
Coty breaking out of resistance trendline it's been under since 2016 !!!! original post :
So Coty was forming a nice ascending triangle....bullish continuation pattern. the measured move puts us above the multiyear resistance trendline ! One that line breaks its really on !!!
We finally are above an area of resistance or consolidation it's been stuck in since Nov of last year. The monthly chart is just a thing of beauty and one of the best charts i've seen this year. Triple Mac D Divergence on the monthly time frame !! In a nice tight downward channel....just incredible. Pure chart perfection to me anyways.
Multiple bounces, volume looks good, might be setting up for a run in the next few days or so. Market has been very feisty to say the least, so I'd definitely recommend the stop loss to be safe. Please do your own DD. This is just my view on the stock. Not financial advice. Thanks!