Trader_Joe_Lee
Long

Bat Pattern on COST, and I'm always a big fan of this company.

NASDAQ:COST   COSTCO WHOLESALE CORP
173 views
4
173 0
According to the chart, there is a Bat pattern on COST and it suggests a 159.63 (0.886XA); while the trade may already fail if you traded it perfectly right to give the out to 1cent below X(156.59).
I've waited for a while for an actionable set-up to long COST, and I believe it's coming soon.


In my opinion, COST is a kind of company that is both great for trading and investing.
In terms of mid-term to long-term investment, it's nonsense to put stop loss only 2% away, so if I were in the trade I prefer using at least 149.99 of even all the way back to 141.99.
While as the Bat trade actually failed, I may wait for another bullish set-up to get involved with the stock.


Most important of all, this downside move since the AMZN-WFM deal had nothing to do with COST's fundamental, which is kind of a systematic risk event on all the retailers and wholesalers.
COST remain strong despite on-line shopping being a huge trend all these years; I don't really think when the on-line shopping giant acquire a huge physical retailer will hurt the business too much more, or at least not that fast yet.


On-line shopping is no doubt the future, while the expression is true for all these years.
I don't think AMZN-WFM deal will do much harm to COST's business, at least not that fast, so the pullback is a huge overreaction and it creates recent buying opportunity for COST.
寓交易于乐,被交易耽误的音乐人Trader_Joe_Lee
文章转载需经本人同意并注明出处!! 敬请自重!!

微博各种视频单元连载中!
交易新说唱最新录制作品点击下方链接躁起来yoyoyo!
https://tinyurl.com/yxrgyrku

欢迎点击链接快速注册官网
https://tinyurl.com/yxzuq8qd
每日免费研究报告、公开课就是你的
(默认密码123456,记得登入官网改掉!)
也欢迎添加Wechat (ID:jackedu002, 注明“找Joe老师”即可)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out