Think $COST has run too far? Think again...NASDAQ:COST It really pays to understand the "log" button on your chart and when to use it. Because looking at COST monthly chart in this way shows a very clearly defined channel and midpoint line. So, instead of looking like an unchartable stock that looks as if it has to be out of gas, it becomes much clearer that in fact, it could have much further to go. This is further evidenced by the Stochastic Indicator, which is nowhere near a point of exhaustion. So COST will likely rise up to the 297-300 mark which is resistance in this smaller, inner channel currently being ridden. Then comes the decision point, and if COST is able to break past 300 convincingly, it is very possible--even likely--that it could be sitting 370-380 by the end of 2019 without too much fuss. Beautiful, strong chart here. Below is an example of what this exact same chart and trend lines look like if you keep the monthly chart in linear mode. Good luck charting that thing. Happy hunting, hope we all make it out alive!!
