COTY trade ideas
$COTY 30% upside on break above 100ma Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.
$COTY Upgrades and Bullish Trend Break
COTY seems to be getting some some love from analysts and speculative investors,
possible long today on a break above $3.50 above @50MA
Upside target $4.00 short term.
$COTY - Bottom $3.05 - $3.00PS Going into monday trading $COTY again looks like the perfect long. Oversold, 0 on RSI. Sharp bounce expected very soon.
COTY about to test supportLooking to retest key support at 3.16. This support is created by looking at the previous low in May. Look to see if it bounces or keeps going down. Look for increase in volume as well. 52 week low is 3.02
#COTY - Long
If it stays above the triangle, it'd be the first signal for another signal for a long position.
First resistance on $4
Second resistance on $4.34
$COTY double bottom bounce & pivot bottomFirst target 5.2 next 7 and gap fill to 11 after breakout of 7
Needs little bit of patience, not a fast mover but good IRA hold candidate
Entering good yearly period for small caps sep to december should help
$COTY long entry @3.81PS Bullish harami candlestick pattern, SAR parabolic confirmation, RSI repetition. Major trendline @$4.35 - $4.30, massive potential for a break on Thursday if earnings are at or above expectation.
$COTY Bottom might have been hit Looking into monday trading, Sar confirmed parabolic uptrend at the end of Fridays session, RSI almost identical to last uptrend. Potential long entry for Monday.
Just an idea, not financial advice.
COTY run up for ER?ER Friday: undervalued, but they have a lot of debt. Cheap cons though might take a few.
$coty ideaStop loss activated, can confirm $4.50 was the tip of an XABC. D is yet to be confirmed. $3.985 resistance was broken. $COTY is now trading in no mans land. Will wait for confirmation of a long position. The chart drawn shows a potential outcome.
*Not financial advice, just an idea.
Final $COTY analysis for August. 20. AC=CD still valid, small correction and consolidation around $4.14 - $4.17PS as predicted. Completion of AB=CD by the end of August. Earnings report a key indicator going forward. Trend line should be used for effective risk management.
*This is not finacial advice just an idea.
Simple hammer forming on hourly chart Simple hammer forming on hourly chart, once hour candle completes expect upside. (Bullish)
Recent support and resistance levelsRecent support (S1,S2) and resistance (R1,R2) levels for $COTY. Use alongside fibonacci to gage the best area to sell and buy in the short term. Otherwise hold till >$5.00PS (Late August).
*Not finacial advice just a follow up to an idea.
Fibonacci retracement - COTY/NYSEBasic trend analysis of COTY going forward. Profit intervals labled. Staggered just under fibonancci levels. Head a shoulders forming, completion by the end of August.
Morning star candlestick pattern (bullish) Potentially a morning star candlestick forming on 2 hour timeframe (bullish). Will wait till open for confirmation.
Stock Pick of the week - COTY Hey There,
This is my stock of the week as I believe this consumer centric business will start to grow the price sharply very soon. Based on Technical and global trends, I see companies like this rebounding. Here I compare the price of COTY to Revolve. Of course Revolve has a more of a tech presence , but I see Growth for COTY because of the many partnerships that they have with celebrities , which is the driving force right now for growth of this company. I believe that COTY will be able to uplift its market price within the next 4-6 weeks.
Thanks for viewing This is not financial advice , please consider your own DD and RM.
