NYSE:COTY broke the flag pattern on weekly time frame and the weekly down trendline and formed a double bottom on the daily time frame. This is a long term trade that requires patience, targets and anticipated price action are shown on the chart, stop loss is weekly close below 9.28$.
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This is only my own view...
NYSE:COTY
Possible Scenario: LONG
Evidence: Price Action. fill the gap
TP1: 8.30$
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),...
Coty's reversal remains to be seen as it holds higher lows. $7 or below is a rejection of this idea as further downside implies.
If you are a long-term holder and trader, Coty's upside is $14 and $20 much like a repetition of Macy's.
Management changes 3-times, Oversold, too much short, the company sold some assets to remain alive.
All eyes are to break 200W.
I see some nice upside in $COTY right here. It's a re-opening trade as I expect more sales in make-up during the summer, as face-masks are no longer needed and people go out more.
Technically it's showing a weekly regexp and a daily regexp. So in the short term I expect a bounce to $9.80, and until the 26th of July there's room to grow to $12.05, that's a 38% upside.
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
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
Will be looking for an entry around $6-low $7
Looks like a lot of the bottom was bought up on the daily and bounced of the 50ma.
I would like to see a break of $8 then I think $10 should come soon.
Will be watching to see if there is a bull market.
Hey people, COTY is in a fake bearish configuration with a slowdown in executed sell volume and a doji. Looking at the TIMEFRAME M1 we see a hammer candle with slowing down of the traded sales volume, it has come to bounce off the lowest of the bollinger. To test it and she is in the oversold zone, there is a great chance of a reversal to come and check the VWAP....
Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focuses on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.
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