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Moto_Trades
Dec 27, 2017 10:11 AM

$COST Head and shoulders setting up? Short

Costco Wholesale CorporationNASDAQ

Description

COST on the intra day charts is setting up what appears to be a head and shoulders pattern. The measured move would take price back to short term support. My stop loss for the short will be the 190 breakout level. Will be watching for nasdaq weakness in the days to come to initiate the trade. Thanks for viewing and enjoy!
Comments
Will_Wong
The HnS pattern looks more developed now than before.
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