itshabib

COST - Looking for a reversal soon

Long
NASDAQ:COST   Costco Wholesale
COST has been retracing from a recent run-up. Indicators are starting to point to being oversold and are slightly curling up. It is also approaching the 200 day which is conventionally at an LVN of the volume profile. If it reaches that point and bounces that will be my trigger to go long. Will keep an eye on it in case it decides to reverse earlier or not at all.

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