COSTCO New uptrend about to begin.Costco (COST) gave us the most optimal buy signal on our previous analysis (October 07 2024, see chart below) right at the bottom of the Channel Up, and easily hit our 1000 Target:
Yet again, we are ahead of a strong bullish break-out and the only Resistance level that remains is the 1D MA50 (blue trend-line). The 1D RSI has already given a buy signal right on its oversold barrier (30.00) on January 02 2025.
Once the 1D MA50 breaks, we will have a confirmed break-out buy signal. The previous tree Bullish Legs have been of at least +16.08%, so our new Target as of today is 1045.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇