bbahmed

COST 11/8 Analysis

Long
NASDAQ:COST   Costco Wholesale
Broke out of the weekly channel, retested & bounced off the daily trendline. Rallied 25 points, creating a gap and finally rejecting off 520.
Ideally, we want 509 to hold in order to see 530 PT. Under 509 we can flush to 503 gap fill. BTD here if buyers step in.
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.