Costco Bear Hunt
Updated
Just in case there will be events and information that might lead to a bearish mood for this stock, here are some elements that might act as support/resistance in the evolution of the price. There is also the potential of a continuation after a rebound from one of the elements on the up which should probably not be disconsidered.
Coco Bongo Stuff. Not sure this will break the record of the Pinball Job on AAPL. At least 3 rebounds would suffice, although ONE could be just enough.
One thing to look out in candlestick analysis for this specific project, will be Candlestick Shadows, Especially if they appear in formations of more than one near the price same level.
Earnings coming soon, and if the price jumps up on good numbers and news, will still be looking for potential rebounds from the elements left for potential corrections, or even turnarounds.
Coco Bongo Stuff. Not sure this will break the record of the Pinball Job on AAPL. At least 3 rebounds would suffice, although ONE could be just enough.
One thing to look out in candlestick analysis for this specific project, will be Candlestick Shadows, Especially if they appear in formations of more than one near the price same level.
Earnings coming soon, and if the price jumps up on good numbers and news, will still be looking for potential rebounds from the elements left for potential corrections, or even turnarounds.
Comment
Some interesting price action between the ellipse and the big polygon but even if the bears take charge for a bit, not convinced this will drop dramatically.Comment
No bears in sight with more price action at the elements with a rebound from the edge and a turnaround at the marked time stamp. Comment
The purple zone has been interesting so far. Sliding along the left edge and a reversal in the corner. Currently at the top edge but below the higher highs. Could encounter resistance here.
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