Looks like it retraced a small amount and will continue to bounce upward towards original Fib price target $289. RSI had sharp downward adjustment and has room to increase along with MACD. Looks setup to at least retest previous highs as resistance and go towards $289.
NASDAQ:COST It really pays to understand the "log" button on your chart and when to use it. Because looking at COST monthly chart in this way shows a very clearly defined channel and midpoint line. So, instead of looking like an unchartable stock that looks as if it has to be out of gas, it becomes much clearer that in fact, it could have much further to go. This...
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes...
This is at all time high and 288 is what I see can happen in a month or two. Sales numbers are due tomorrow and Amazon Prime day is coming too. Let's see. Look at ADX...big time bullish
Added a good size call (Aug 23rd).
Its is not uncommon for NASDAQ:COST to fall on a good earnings report and it always bounces back within a few months, longs are probably a bit apprehensive going into earnings as selling has been quite intense this week. When consulting they technicals the stock has actually been showing bearish divergences since early May, as the price climbed the RSI, MACD and...
