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 $10 should come soon.
Will be watching to see if there is a bull market.
Hey people, COTY is in a fake bearish configuration with a slowdown in executed sell volume and a doji. Looking at the TIMEFRAME M1 we see a hammer candle with slowing down of the traded sales volume, it has come to bounce off the lowest of the bollinger. To test it and she is in the oversold zone, there is a great chance of a reversal to come and check the VWAP....
Multiple bounces, volume looks good, might be setting up for a run in the next few days or so.
Market has been very feisty to say the least, so I'd definitely recommend the stop loss to be safe.
Please do your own DD. This is just my view on the stock. Not financial advice. Thanks!
NYSE:COTY consolidated for a long time and is now ready to move forward. The stock broke out of the flag pattern, any pullbacks is an opportunity to buy. The anticipated price movement with the 3 targets are shown on the chart, stop is 6$.
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This is only my own view and not financial advice, do your own...
Looking Bullish, from November to December it had a 171% run and after that is has been consolidating and it just popped above the resistance line looking for a second run.
COTY looks as if it is ready to make another move..it is currently resting comfortably above the 300 day moving averages...also getting ready for a 300 day ema/sma cross...rsi is above 50 and macd is flattening out in positive territory...my target is $11.00 (60% gain from current price)...IT'S YOUR MONEY, DYOR
The first setup got invalidated and I got taken out by an obvious stop hunt... it happens.
Now it seems ready to rally and we could see a follow through day now.
I suggest using the low at 6.20 as a stop if you're more a risk averse type
or previous days lows if you're a more aggressive trader.
Price needs to break above this 6.9x zone first though.
This guy head faked us a couple weeks back. All good, been looking for a re-entry. Earnings coming soon. Anything above $6.90 and could this finally breakout to the upside? Watching tomorrow.
Let us see how this set up and coiling works out.
I put this in my brother's port. Commons with limit sell to collect his gains while we are not looking.
If we hit $7.5 that will be a nice 15% winner for my reserved brother
Triangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. This pattern subdivide into 3-3-3-3-3 structures labeled as A,B,C,D,E.
It is a continuation pattern that breaks in direction of the preceding move. It could occur in wave 4 in an impulsive structure, wave...
