COST has one of the cleaner structures in the market and is a great long term ticker, as well as a shorter term speculative ticker. Ultimately, looking for a wave 4 of 3 pullback toward the .764 extension around 586, which is also heavily supported by the volume profile. Short term bearish / longer term bullish.
Great post! What are you thoughts on today's close with just 60% of the average volume? I entered April 19 $455 puts right before close with a $17.05 average. My firs tPT is around 620, and second around 580. But this seems unstoppable! Also, the Money Flow Index is moving in the opposite direction of the RSI. Looks like big money is cashing out.
My firs tPT is around 620, and second around 580. But this seems unstoppable!
Also, the Money Flow Index is moving in the opposite direction of the RSI. Looks like big money is cashing out.