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.
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.
Note
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.Note
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.