COTY - This one seems like it might have finished wave e of (iv) so we can therefore look to buy and hold towards 9.55 at first as long as price remains above 6.5. Risk-reward is good so I see no reason to not be involved in this one.
Fibonacci following recent insider buys and averaging them out between lowest insider buys and highest insider buys. Very bullish input with 7 insider purchases in the month. These 7 buys divided by 4 different insiders. The average value divided among the 4 of them being close to 9.96$ Expecting Gap up Monday.
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.
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.
Stop 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.
Simple hammer forming on hourly chart, once hour candle completes expect upside. (Bullish)
Recent 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.
NYSE:COTY This could even go higher a bullish divergence formed from its previous closing high and todays close
- It is still trying to breakout from the EMA 50 resistance - If this is an ongoing Wave C, maximum TP is around 7.70 - If this is an ongoing Wave 3, minimum TP is around 10.35 Trade at your own risk!
This is just a possible forecast and not any financial advise. For me there are several reasons to be bullish at $Coty the moment
- Bullish divergence at daily, weekly, and monthly time frame - Ongoing Wave C or Wave i of 3