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COTY

Coty (COTY) buy idea!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. Additionally, watching for an inverse head and shoulders to play out, as the price approaches neckline tracking around $9.85.
NYSE:COTYLong
by Blokestrading
$COTYShares 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), which the company reached on April 30th. Coty is giving a textbook style of how previous resistance now acting as support and with a gap to fill on the daily chart it might be something you’ll be interested in. When we take a look at the indicators you have: MACD curling RSI flat & the 50, 100 & 200 moving averages getting pretty tight here. Keep your eyes on this one. - Factor Four
NYSE:COTYLong
by TheBlankFund
$COTY. Bullish Triangle StructureTriangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. This pattern subdivide into 3-3-3-3-3 structures labeled as A,B,C,D,E. It is a continuation pattern that breaks in direction of the preceding move. It could occur in wave 4 in an impulsive structure, wave B in a zig-zag, and wave X connector in double and triple threes Elliott wave structures. It could also occur in wave Y of a WXY structure in which case it marks the end of correction.
NYSE:COTY
by andylegenki
$COTY and $PLTR - a look back at this past week$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 presented itself. I think most of the time this would break in the upward direction. It's possible that this was just a good old fashioned shake out, and it took out some stops below. There are more gaps in the run up on $COTY and it's possible some were pushing to fill those gaps? Not sure. Only other difference I could see was that $COTY closed below the 20MA the day before. $PLTR was still above the 20MA. But it wasn't so far below to ring any alarms. Seems like typical chop around a level of interest. Anyway, let's see if $COTY offers another entry later, but I have moved on and now looking at other opportunities. Any thoughts on why $COTY broke lower Friday? Let me know in the comment, would love to hear other's takes.
NYSE:COTY
by CCInvesting
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