Noticed a flag appearing on COSTCO and entered position on bounce and break.
target at around 133-134 are but no current limit. Used more of an entry for long term EPS generally growing and PE is also getting higher but at a much lower pace.
Stop is low due to the nature of getting into the position. If it were to go that low from entry then I expect the market has changed for the position and sentiment would turn more bearish.
Keeping on position for time being to find any blatant exit signals.
target at around 133-134 are but no current limit. Used more of an entry for long term EPS generally growing and PE is also getting higher but at a much lower pace.
Stop is low due to the nature of getting into the position. If it were to go that low from entry then I expect the market has changed for the position and sentiment would turn more bearish.
Keeping on position for time being to find any blatant exit signals.
Comment:
target meant to say 233-234
Trade closed: target reached:
closed out on the 27th of sept.