COST is showing a classic Rising Wedge. Don't miss the move.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Market participants tracking Costco should note the latest formation. Price has moved to $1049.42 (-2.29%) amidst recent volatility. Algorithmically, a Bullish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $1096.5, targeting $1233.93 with support near $1017.94 (R:R 1.75).
What is your outlook on COST?