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TradeAlchemy

COST - ABC Completed, Time to retrace?

Short
Costco Wholesale (NASDAQ:COST)  
TradeAlchemy Updated   
NASDAQ:COST   Costco Wholesale
Trend Analysis Chart Patterns Technical Indicators Technical Analysis swingtrading Ascending Channel
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trendanalysis chartpattern indicator technicalanalysis swingtrading ascendingchannel
You can see the negative divergence on this chart. Stock been pumping up and momentum is vanishing.
I am shorting from up here, puts 2 weeks out.
Comment:
Below 14MA, next stop is 30MA? or 0.786 fib line?
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