dannyb888

Costco (COST) Buy trade, stop below DAILY 200 MA

Long
NASDAQ:COST   Costco Wholesale
This is a very nice risk/reward trade as the price could potentially hit the target and then also break out the ascending triangle for even greater profits.

The stop just below the 200 day MA and the loss of the trend-line is a clear stop and a tight stop

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.