NASDAQ:COST   Costco Wholesale Corporation
COST started trading in an up channel and has been using the purple trend line as resistance. It formed a double bottom and reached an ATH . With indicators in the overbought and bearish momentum COST might be looking for support at the 50 EMA . Previous support levels will act as price targets but COST could very well fall straight to support. On the daily chart COST is trading within an uptrend and has a breakout. It could fall to retest that line which is at $523 November 17th which would make $522 a price target, consolidate and find support at the 50 EMA .