, 8 tweets, 4 min read
Analysis: #NYSE: #COTY

Case 20 #Coty Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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COTY 1/8
Conditions remain bearish, another base has formed.Will it fail again, as layered resistances are tough to overcome.

COTY 2/8
Chart 1
Monthly Chart: Price currently holding below the #SMA 20 with #BB pointing negatively. Support on inverted Fib 1.414 found at 6.59. BB% about to cross above 0.50% bullish.

COTY 3/8
Chart 2
Monthly Chart: Fibs added on the swing low. Trendline resistance approx. @ 12.27 ahead of that Fib 0.382 @ 11.94. Fib #confluence support found at 9.63 & 6.59. #Pivot resistance @ 17.19

COTY 4/8
Chart 3
Weekly Chart: Areas of resistance in red squares.

COTY 5/8
Chart 4
Daily Chart: A close up of the immediate resistance, pivot @ 12.98. A gap upwards has been created and for the moment remains unfilled at 10.87-10.26

COTY 6/8
Chart 5
Daily Chart: If price closes above Fib 0.382 and #Trendline pivot and hold, a run towards 12.98 is very possible.

COTY 7/8
Chart 6
Daily Chart: The strategies - printed in the image.

COTY 8/8
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