Costco Trading Analysis (01/08/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 ЕМА. The downward inner truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy on the breach of 825.15.
- Stop-loss at 803.18.
- Target levels at 853.80 and 896.00.
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