Costco WholesaleLong
COST Bull Flag
Updated
Noticed a flag appearing on COSTCO and entered position on bounce and break.
target at around 133-134 are but no current limit. Used more of an entry for long term EPS generally growing and PE is also getting higher but at a much lower pace.
Stop is low due to the nature of getting into the position. If it were to go that low from entry then I expect the market has changed for the position and sentiment would turn more bearish.
Keeping on position for time being to find any blatant exit signals.
target at around 133-134 are but no current limit. Used more of an entry for long term EPS generally growing and PE is also getting higher but at a much lower pace.
Stop is low due to the nature of getting into the position. If it were to go that low from entry then I expect the market has changed for the position and sentiment would turn more bearish.
Keeping on position for time being to find any blatant exit signals.
Note
target meant to say 233-234Trade closed: target reached
closed out on the 27th of sept.
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