Good time to buy Costco (COST)
Updated
Weak buy signal with the red+blue cross underneath the Kumo, and lagging strand is showing consolidation. This typically means "wait for more information" but we are approaching a strong support in the trend channel and momentum is pointing towards a reversal.
I'd keep a stop loss around the 238 level, but even if we unload at 247 that's a solid 3:1 risk to reward ratio.
I'd keep a stop loss around the 238 level, but even if we unload at 247 that's a solid 3:1 risk to reward ratio.
Trade closed: target reached
Good time to unload
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