Simple Clean Bear Polo Also Gap Down on Wolf Candle/Inverted Hammer Copy paste trend line follow??
overall bearish environment Play the channel if you dare :)
As per Daily 50sma which stands at 135.66 seems like the chart is holding strong and Costco indeed likes the last run it just went on.. Chart seems to be taking a breath and thats a good sign. only time well tell.. but in the mean time play the channel that seems to be forming and try your luck
RESISTANCES BlueSky BreakOut @ 146.82 Tenkan-sen Resistance @ 143.11 SUPPORTS Kijun-Sen Support @ 140.41 Nice Bounce off Fib .382% @ 139.76 ^^^If supports cant hold Use Lead Span 1 & Lead Span 2 AKA cloud as support area
Use 50sma as the bottom trend line of the formation. Overall Bullish Environment. Will it retest Window? Only time will tell.
Anticipation is building. Will support hold or will it fall. Only Time Will Tell.
Overall Bullish environment Nice Bull Flag The Trend is your Friend :) Nice Falling Wedge Pattern
Seems like that 200sma is carrying alot of power behind it
I dont know how i feel about these one. I think it needs to show a lil more volume or another nice authoritative candle sure break the trend :)
A little over extended as per BB other then that Bullish Environment for the time being. Blue Sky Break Out
overall bullish environment for the time being 1st targets @139.29 2nd target @140.87
as per 1min chart and its morning breakout... look for the back test of previous Bull pen-net or Fib 38.2% possible bounce and retest trendlines
Possible Bullish Cup and Handle forming i have been saying these for a while. With $COST good earnings and higher Dividend pay outs these year is these the break out were waiting for?
When you have good earning and a strong daily chart and lots of positive divergence you dont fight it you go with the flow long and strong. Until i see different. Blue Sky Breakout coming soon . In my Bias opinion these well go to 135-140 before a mayor pull back.
quick and painless chart play get in @ support out @ resistance ;)