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$COTY / Coty files form 8-K - UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): June 7, 2021 Coty Inc. (Exact Nam https://fintel.io/sf/us/coty?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=filingrisenhoover, published June 7, 2021
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$COTY The options calls/puts ratio suggests we are pinned at recent prices until we see a pop the week of Aug 20.
May 21st has heavy amount of relative options compared to coming weeks thru July 16. Bears are winning this week. Equal pull below $8.50 as there is above $9 this week.
Aug 20 is heavy options and almost all are bulls over $11.
$COTY Ichimoku Cloud - on the DAILY:
Possible test of Cloud Top which is $8.62. Cloud is equilibrium... - we could hang in Cloud for a bit - prefer to stay above. Above Could which is bullish and future Cloud is rising, so even if we hang around "equilibrium", those levels are rising from current $7.91 - $8.62 to $8.82 - $9.36.
$COTY Ichimoku Cloud on the Daily:
Note our perfect test (AND BOUNCE!) off the Cloud Top (Green Cloud). Of course if I checked similar charts of say Russel and S&P they'd probably all be somewhat similar as market seems to be dictating our moves these days.
Next move(s) are likely hanging around above Cloud and then a test and hopefully break of Tenkansen (9 day avg - Blue Line) currently at $9.33 but changes daily... as well as 26 Day Kijusen ($9.39 and slower moving).
Thinking we test these areas by first week of June latest.
Above Cloud which is Bullish - Tested and bounced off Cloud support, also Bullish. Cloud is rising showing future equilibrium price is higher - also bullish - only concern of note is future cloud is getting "skinnier" which can be addressed with a few good days.
Two competing price magnets : Long Flat Kijusen at $9.47 (see long red line) and long flat future cloud base at $8.82 - expecting the $9.47 to be our "magnet"