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Costco Trading Analysis (01/08/2024)

01.08.2024

Market Review

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.

Costco stock price chart

Trading idea:

  • Buy on the breach of 825.15.
  • Stop-loss at 803.18.
  • Target levels at 853.80 and 896.00.


#costco #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Penulis: GC
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