Long opportunity: COTY recovers after a long decline

I believe there are signs of a bearish move overall so I am looking for those rare long opportunities. And here is one of them: COTY has been declining to its historic low and it is on the move up.
Entry: 14 USD
TP1: 18.5
SL: 12.85

This is a 1:4 risk ratio trade. It is not a big win, but it is a curated win in a volatile stock market looking to turn bearish. Do your own research before risking your money.