Coty after corona back to 9.28 and 14.
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!
Man this is such a pretty setup. Everything is just perfect. Bout to breakout. RSI is building but nowhere oversold. Mac D is building momentum with no signs of exhaustion and bullish divergence on the monthly time frame. just wow. Just perfect.
Possible price targets on this asset. Easily 3x in time from what i'm seeing !!
Wow !! Coty looks great !!! On the monthly view we have a nice descending channel with triple mac D divergence and rsi bulllish divergence as well !! Just popped back above a support area and backtested. Getting ready to breakout of the channel ! Very nice !!
Now retesting the up line! This will reverse soon.
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$. Hit the like button and follow if you find this useful :) 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