COST is currently resting on the resistance line of a price channel that it has been in for 384 days. I would wait a couple of days before entering a short position for two reasons. The first being that it could break through the resistance line, and the second being that the .5 trend based fib is at 107.48, so I would wait a couple of days to see if it reaches...
COST is currently resting on the resistance line of a price channel that it has been in for 384 days. I would wait a couple of days before entering a short position for two reasons. The first being that it could break through the resistance line, and the second being that the .5 trend based fib is at 107.48, so I would wait a couple of days to see if it reaches...
Costco has just formed first deep PB at EMA 20 in a strong bear trend and a nice reversal bar (although a bit doji) at .382 level.
If triggers below 100.3 - should go all the way down to 98 area (roughtly .618 fib level) - safe TP is 98.5, stop is at 101.0
