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.
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.
Comment:
$COTY needs more time at the mode. It's still sitting at the weekly mode. Daily signals failed after a few days, so weekly upside still not possible.
Comment:
Still not good to enter $COTY. We have a weekly regexp down that projects price down to $7.13.
Monthly regexp down was invalidated, so let's see if the weekly downtrend fails too. A move back to the mode at $8.87 (particularly if earnings are good) is bullish.
Monthly regexp down was invalidated, so let's see if the weekly downtrend fails too. A move back to the mode at $8.87 (particularly if earnings are good) is bullish.