Re-opening trade for Coty
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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.