COSTCO: Watch this buy breakout level leading to All Time Highs

Oct 2, 2023

Costco Wholesale Corporation is testing the R1 level (571.65) for the third day straight on a nicely balanced bullish 1D technical outlook (RSI = 60.287, MACD = 2.930, ADX = 22.559). Since the dominant pattern thus far is a Channel Up, if the 1D candle closes over the R1 level, traders should regard it as a bullish breakout opportunity, targeting the R2 level (TP = 612.00) which is the stocks ATH.

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