CostCo Breaks Long-Term Trend but Support Is Near at 300
Mixed results last night have accelerated the downtrend for CostCo and the stock has broken the long-term trend to the downside.
Support is likely at $300 which is also the 100d-EMA
If it breaks that, then its a long way down to intercept the old pre-2018 trend.
Support is likely at $300 which is also the 100d-EMA
If it breaks that, then its a long way down to intercept the old pre-2018 trend.
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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.