COST Breakout Found with Big Target Nasdaq!!! Triangle Pattern TP 600 -15% Short term
Earnings on Friday sent this big guy ripping back towards ATHs. 50% retrace of Friday’s candle puts us right into that quarterly pivot area. I would be interested in buying some early weakness in the name around that spot. This is the kind of chart where if the trade works and we close the day somewhere close to highs, I would be very inclined to swing a portion of it.
#COST may come down, details in chart.
Cost seems to be getting tired of going down. Its final stop was at 307 usd, coinciding with the July 9, 2020 Gap. It is currently making a hammer candlestick pattern. Accompanied by a large volume . (we have to go to 2019 to see a higher volume than this).
buy only above 300.10 target open as long as the price above three line target 132.75 target 135.25 SL 128.55
Sell @ 233.25 stoploss 237.25 target as per convenience... till blue line tries to cross yellow.