Coty 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...
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 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....
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...
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 $20 much like a repetition of Macy's.
Management changes 3-times, Oversold, too much short, the company sold some assets to remain alive.
All eyes are to break 200W.
NYSE:COTY
Possible Scenario: LONG
Evidence: Price Action. fill the gap
TP1: 8.30$
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),...
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
A 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...
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
