christianmartin4746

COST pullback before $500?

NASDAQ:COST   Costco Wholesale
COST has been on a strong uptrend all week with no pullback. October 22nd there was a strong rejection at the 2.618 and the whole bearish pin is outside of the BB. Looks bearish for the next week, bulls could be waiting for one last push to $500 before bearish reversal. Looking for conformation October 25th.

Price Target One: $469.80
Price Target Two: $459.97
Comment:
COST bounced off uptrend line and shot up, could be heading to $500


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.