Costco WholesaleLong
COST 1/11/2022
Updated
Costco the heavyweight. One of the stocks that holds up NASDAQ
Daily Chart analysis
COST has been and a long-term uptrend since 2010 – 2011.
Price is current just below 50ema . It has also found support around area 514.
Today it looks like we will be finishing the day with a dragonfly doji at support.
Stochastic is also in oversold status
I will be looking to enter long and swing trade to 560.
Entry: 518.70
Stoploss: 500
Target: 560
Daily Chart analysis
COST has been and a long-term uptrend since 2010 – 2011.
Price is current just below 50ema . It has also found support around area 514.
Today it looks like we will be finishing the day with a dragonfly doji at support.
Stochastic is also in oversold status
I will be looking to enter long and swing trade to 560.
Entry: 518.70
Stoploss: 500
Target: 560
Trade closed: stop reached
stopped: $500
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