Timonrosso

Costco Wholsale next rally to $613.56

Long
BATS:COST   Costco Wholesale
Inverse Head and Shoulders formed on Costco Wholesale.

The price broke above and is now retracing to a conservative level. Once it tests, we then need a strong move up.

Now the reason I'd wait for the retest is because American indices are showing further downside to come and it might create this sideways consolidation range following the breakout.

7>21
RSI>50
Target 613.56


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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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