COST is showing a classic Bearish Flag. Don't miss the move.
Bearish continuation if preceding move was down.
Traders are watching Costco (COST) as price action tightens. Price has moved to $951.45 (-1.46%) amidst recent volatility. Price action has carved out a classic Bearish Flag. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $936.51, targeting $776.52 with support near $995.38 (R:R 2.72).
What is your outlook on COST?