Dec. 6 at 3:35 AM
Actionable Trade Alert for
$COTY:
Market Context:
$COTY is currently trading at
$3.39, with an RSI of 36.67 indicating it's in oversold territory. The stock has recently tested the 60D low of
$3.12, suggesting potential for a rebound. The 30-day moving average (MA30) at
$3.60 and the 50-day moving average (MA50) at
$3.81 indicate that the stock is below its short-term averages, reinforcing a potential upward movement.
Directional Bias: Given the oversold RSI and proximity to the 60D low, we anticipate a bullish reversal. The ATR of
$0.12 indicates relatively low volatility, which can provide a stable entry point.
Trade Plan:
- Suggested Entry:
$3.40
- Stop Loss:
$3.20 (5.88% risk)
- Take Profit Targets:
1.
$3.70 (8.82% gain)
2.
$4.00 (17.65% gain)
3.
$4.00 (17.65% gain)
With these targets, we aim for a minimum of 17% ROI on the third target.
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