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
Man this stock just behaves to nice. Nice rally today. broke out of channel. backtested channel in ext hours. beautiful. just went positive on mac d as well.
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.
So Coty was forming a nice ascending triangle....bullish continuation pattern. the measured move puts us above the multiyear resistance trendline ! One that line breaks its really on !!!
We finally are above an area of resistance or consolidation it's been stuck in since Nov of last year. The monthly chart is just a thing of beauty and one of the best charts i've seen this year. Triple Mac D Divergence on the monthly time frame !! In a nice tight downward channel....just incredible. Pure chart perfection to me anyways.
Hey 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....
