When (COTY) Moves Investors should Listen
September 18, 2024, 12:02 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COTY
- Buy COTY near 8.73 target 10.01 stop loss @ 8.7 Details
The technical summary data tells us to buy COTY near 8.73 with an upside target of 10.01. This data also tells us to set a stop loss @ 8.7 to protect against excessive loss in case the stock begins to move against the trade. 8.73 is the first level of support below 9.25 , and by rule, any test of support is a buy signal. In this case, support 8.73 would be being tested, so a buy signal would exist.
- Short COTY slightly under 10.01, target 8.73, stop loss @ 10.04 Details
The technical summary data is suggesting a short of COTY as it gets near 10.01 with a downside target of 8.73. We should have a stop loss in place at 10.04though. 10.01 is the first level of resistance above 9.25, and by rule, any test of resistance is a short signal. In this case, if resistance 10.01 is being tested, so a short signal would exist.
Swing Trading Plans for COTY
- Buy COTY slightly over 10.01, target 11.3, Stop Loss @ 9.98 Details
If 10.01 begins to break higher, the technical summary data tells us to buy COTY just slightly over 10.01, with an upside target of 11.3. The data also tells us to set a stop loss @ 9.98 in case the stock turns against the trade. 10.01 is the first level of resistance above 9.25, and by rule, any break above resistance is a buy signal. In this case, 10.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COTY slightly near 10.01, target 9.23, Stop Loss @ 10.04. Details
The technical summary data is suggesting a short of COTY if it tests 10.01 with a downside target of 9.23. We should have a stop loss in place at 10.04 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for COTY
- Buy COTY slightly over 9.49, target 10.01, Stop Loss @ 9.47 Details
If 9.49 begins to break higher, the technical summary data tells us to buy COTY just slightly over 9.49, with an upside target of 10.01. The data also tells us to set a stop loss @ 9.47 in case the stock turns against the trade. 9.49 is the first level of resistance above 9.25, and by rule, any break above resistance is a buy signal. In this case, 9.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COTY slightly near 9.49, target 9.23, Stop Loss @ 9.51. Details
The technical summary data is suggesting a short of COTY if it tests 9.49 with a downside target of 9.23. We should have a stop loss in place at 9.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 9.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Coty Inc. Class A (COTY) available here: COTY.
COTY Ratings for September 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
8.73 |
| P2 |
9.49 |
8.78 |
10.01 |
| P3 |
0 |
9.23 |
11.3 |
AI Generated Signals for COTY
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Coty Inc. Class A (NASDAQ: COTY) report below is a real world example. Included are trading plans for COTY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COTY:
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