jaxdog

$COST Breaking Out?

Long
jaxdog Updated   
NASDAQ:COST   Costco Wholesale
I posted this chart on May 3, 2023, and said that it could go either way. Looks now like the market is taking it up and out of this wedge. Earnings are past so it is safe to make a move without too much volatility, IMO. I will look to go long on this into today’s close if it holds near its daily high (40 minutes to go). I will have my stop just below today’s low.

I have a link at the bottom to the last post on 5/3.

Ideas, not investing / trading advice. Thanks for looking. Constructive comments welcome.
Trade active:
Starter position (1/4 size) @ 511.98. Let's see what happens.
Soft stop just below day low (502.10)

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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