Despite market Volatility NASDAQ:COST is exhibiting a bullish bias based on the following indicators:
Price Momentum
COST is trading near the top of its 52-week range and above its 200-day simple moving average.
NASDAQ:COST is trading above all of its moving Averages indicating a Bullish Bias.
NASDAQ:COST 50-day Moving Average is above the 200-day moving...
HI guys. This is an analysis thread to assess the technical developments found in Costco. I will layout some general findings on the macro scale, then update as new developments proceed in the technicals for COST. The purpose is to provide unbiased TA opinions, where i give both bearish or bullish cases depending on facts in charts to help make informed...
Inverse Head and Shoulders formed on Costco Wholesale.
The price broke above and is now retracing to a conservative level. Once it tests, we then need a strong move up.
Now the reason I'd wait for the retest is because American indices are showing further downside to come and it might create this sideways consolidation range following the breakout....
