COTY LONG.Long at $5. Failure to lose this level and an entry upon the first retest. Will hold long term. Will wait to see what yearly candle looks like 👍
COTY trade ideas
COTY - rising wedge hello traders,
After the break down the price retested previous support of the rising wedge and it looks like it got rejected.
The lower highs show a distribution and the mark-down is more and more likely.
The final target at 6.30$.
Good luck!
Long term potential for COTY, IncCoty Inc. is a French-American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products. Coty owns around 77 brands as of 2018
Price has made it's way back to the MAJOR once in a life time critical zone = the 13 dollar support and resistance zone
Should price break above 13 in future, it has no issue gradually propelling towards previous high of ~35 and even further in the future
However, if it gets rejected another time, short to medium term, price could have a swift retracement back to 6.20 zone before working harder
Just my own research opinion, not buy or sell call!
extreme trend resistance, be cautious here! 🐻the most dangerous area to long, we have not broken resistance in 8 years, also below extreme RSI resistance.
rejection here leads to 6.14=2.78 🎯 break above and we rally to 13.22-20.18 🎯
Coty (COTY) buy idea!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. Additionally, watching for an inverse head and shoulders to play out, as the price approaches neckline tracking around $9.85.
COTY recent price action shows very good strengthNYSE:COTY broke the flag pattern on weekly time frame and the weekly down trendline and formed a double bottom on the daily time frame. This is a long term trade that requires patience, targets and anticipated price action are shown on the chart, stop loss is weekly close below 9.28$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Coty's Reversal Remains intact - trading since 2.8Coty'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 $20 much like a repetition of Macy's.
Management changes 3-times, Oversold, too much short, the company sold some assets to remain alive.
All eyes are to break 200W.
Long | COTYNYSE:COTY
Possible Scenario: LONG
Evidence: Price Action. fill the gap
TP1: 8.30$
TP2: 9.25$
Call options, Strike 9$, 01/21/2022
*This is my idea and could be wrong 100%
$COTYShares 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), which the company reached on April 30th.
Coty is giving a textbook style of how previous resistance now acting as support and with a gap to fill on the daily chart it might be something you’ll be interested in.
When we take a look at the indicators you have:
MACD curling
RSI flat
& the 50, 100 & 200 moving averages getting pretty tight here.
Keep your eyes on this one.
- Factor Four
$COTY - Flagging in monthly, broken 21ema , look for long swings$COTY - Flagging in monthly, broken 21ema, look for long swings, 11/19 - 9c looking good
Bulllish breakout with limit for next trading sessionBox strategy for momentum trend trading. max gain min loss in case of reversal.
Re-opening trade for CotyI 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.
Coty pls drop u will have big targets aheadI 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
COTYA trade in which the use of Fibo may not work, and we, knowing this, will be faster than others. The security rose literally from the bottom from the price of $ 2, and rose to the price of $ 7.85 (+ 116%), after which it went into the expected correction, forming the Flag pattern. But few will notice a strong resistance level at the price of $ 6, which the security broke through during its previous growth and tries to gain a foothold higher, making this resistance a support level. If we apply Fibo levels to the ongoing correction, then the paper should adjust lower to $ 4-5, but according to my calculations, the correction will be maximum to the support level of $ 6, (shown by the lilac slab), after which the paper should go up again. The first target of the growth is to reach the price of 12.46 dollars (this is an increase of 106%), after which the following patterns will form, from where we must make a decision to continue or terminate the trade.
COTY: Ascending Triangle (30%), Bullish Pennant, (65%)Primary Target (short term):
Ascending Triangle (30%)
PT = 12.24$
Secondary Target (Long term):
Bullish Pennant, confirmed (65%)
PT = 12.80$
Coty Cosmetics 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
COTY Potential long position 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.
COTY Chart DailyHey 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.
Then the base of the bollinger as well as the highest and finish on the top of the comfort zone. It is very plausible to breakout the price with the return of momentum at the same time the zone to interfere in the one above and land on the top that follows. See if the buying push is going to test the resistance before its breakout and check the top of the bearish channel.
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