COST bounced nicely off oversold zone but now seems to be stalling. Volume profile at 527 is proving difficult to get past. Level to watch is a close below 514. Will quickly see it retest its breakout zone at 495. Will have to wait to see what it does at 495 if we get there.
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I am still too bias on the bear side of the market. Should have seen a decent cup and handle here. My problem.
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Looks like I got caught in the bull trap lol. Breaking down now. Can see 475 again next week.