COST trade ideas
COST: Damage control, if below 324; otherwise new ATHPretty straightforward setup... possible impending "falling knife" PA... watching how it holds if volume can pick up... worst case, likely makes quick touch down around 315, or even back to 300, build up more support, and then rocket back up -- granted this "forever bullish" sentiment can maintain through this next week of ERs
COST BUY OR LONG , TARGET UP TO $357 COST confirms the asymmetrical triangle pattern at $ 321, currently has a bit of resistance and confirms further strength
if it breaks above $ 331, however the confirmation price is bought at $ 321 - $ 325, I was Long.
COST buy : $325 - $326
COST target : $357 +-2
Stop loss : $315
Wish you good deals!
$COST All Time High for Costco
Costco's breakout move today was stalled by weakness within the overall market, but it did mange to
close at a new All Time High.
If the $325 level can hold as support tomorrow, there nay be a opportunity for a long trade to $330- $333 - $340
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