Costco..... As a retailor it's hard to argue. They have a good thing going!
If we can use this as an indicator..... the health of the consumer economy going forward looks grim.
The longer term pattern displayed on the chart is clearly a topping pattern. How it plays out is of course, what we're interested in.
This is how I see it.
If we can use this as an indicator..... the health of the consumer economy going forward looks grim.
The longer term pattern displayed on the chart is clearly a topping pattern. How it plays out is of course, what we're interested in.
This is how I see it.
Note
Update to my original post... as long as price stays contained in the channel there is potential the pattern plays out 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.