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farmtrader15

Costco, swing trade long

Long
Costco Wholesale (BATS:COST)  
farmtrader15 Updated   
BATS:COST   Costco Wholesale
Trend Analysis Chart Patterns Technical Indicators
7
3
trendanalysis chartpattern indicator
Nice parallel channel long trade has presented itself. Last time Costco had earnings the stock dropped 7%, then soon after rallied to ATH. The current earnings resulted in another 7% drop, and it is reacting with a solid ascending parallel channel.

I think a long is suitable here.
Comment:
Unfortunately this did not work out perfect. I think it still has a good chance to recover. Safe trading!
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