Coty W1 analysis
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Price when published: 3.160000 · now 3.170000 (+0.32%, in the idea's favour)
Coty’s weekly chart suggests a potential bullish recovery from the Crab harmonic completion near $1.91, with targets at $6.33 and $9.06. However, RSI at 41.19 and −DI above +DI indicate that bearish momentum remains dominant. A stronger price structure and improving momentum are needed to confirm a reversal. The proposed −$1.02 stop is impractical for a stock. Overall, the outlook is cautiously bullish for a rebound, but the long-term trend remains bearish until confirmed otherwise.
#Coty
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Ideas are the author's opinion, not investment advice. Past moves do not predict future ones.
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