COST is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Sideways movement between parallel supports.
Market participants tracking Costco should note the latest formation. Price has moved to $935.03 (0.97%) amidst recent volatility. Our AI has detected a valid Bearish Flag pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $907.21, targeting $717.92 with support near $964.33 (R:R 3.31).
What is your outlook on COST?