Currently in a descending triangle so it might go down quite a bit, however, stonks only go up therefore based on the fundamentals, this will be going upwards 69% here shortly.
Bull flag has formed on COTY. I will be watching price action in anticipation of COTY attempting another breakout of that top resistance line...If a breakout occurs we could see some bigtime upside to $12+....COTY will release its earnings on February 3rd and with all signs pointing to a beat, I believe this could be the catalyst for that breakout and big upside.
After two months of bouncing between $6.50 and $7.50, the stock saw lows in the range of $6.20. This occurred on significant volume with earnings occurring in less than two weeks.
From a technical standpoint, the stock appears to have met a new resistance between $6.00-$6.22 (See graph for details). The fibonacci next resistance would be about $5.90, but I...
$COTY was my first losing trade of 2021. But I wanted to go back and see what happened when compared to my winning trade on $PLTR.
As you can see both had great runs a few weeks prior. They both then consolidated, and bounced around the new volume shelf. On Friday however, one broke one way and one broke the other way. I would trade this setup again if it...
A Bull pennant has formed on COTY and looks like it will attempt a breakout soon... If breakout is confirmed I expect to see some major upside to the $12+ level... I will watch price action as it approaches bottom support line and if it reacts as I anticipate I will strongly consider buying mid-February expiration call options
Well, didn't break how I wanted it too. Moving on. Hit my stop loss. Ironically my other hold PLTR was almost the exact same setup, and broke like I expected it to today. You can't win them all.
For $COTY, if you're still holding, I would now watch out for those gaps it could fill on the way down. I'll keep an eye for a potential future entry.
Coty is extremely bullish I am seeing a possible wave 4 triangle for its next move up with it does indeed have 2 gaps adobe that can possible fill, i am extremely bullish on this as it seems wave E is almsot complete and Wave 5 can come at any time!
COTY - This one seems like it might have finished wave e of (iv) so we can therefore look to buy and hold towards 9.55 at first as long as price remains above 6.5.
Risk-reward is good so I see no reason to not be involved in this one.
