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christianmartin4746

COST potential Bull Trap

Short
Costco Wholesale (NASDAQ:COST)  
christianmartin4746  
NASDAQ:COST   Costco Wholesale
Support and Resistance Trend Lines Fibonacci
1
0
supportandresistance trendline fibonacci
COST attempted to break through resistance post FEDS conference but was rejected. Indicators still show bearish momentum. A price drop to $498, reversal, and a rejection at $502 would serve as a entry point for puts.

Price Target One: $496.70
Price Target Two: $492.21
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