Costco Completed a Harmonic Pattern
It is one of those stocks that since COVID-19 the price increased by nearly +130% and it keeps rising.
So far the price stopped at the pattern completion zone and probably it can wait in this zone for the Earnings report which will be released on 07-March-2024
I am not expecting the price to move down like a rocket
but from this zone near 725 - 737, we can see any correction.
The market participants have to take profits time after time and I think that this is one of those moments, before Costco grows more.
If you are in this trade as a long-term trader it is better to know that we may see any bearish correction.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
It is one of those stocks that since COVID-19 the price increased by nearly +130% and it keeps rising.
So far the price stopped at the pattern completion zone and probably it can wait in this zone for the Earnings report which will be released on 07-March-2024
I am not expecting the price to move down like a rocket
but from this zone near 725 - 737, we can see any correction.
The market participants have to take profits time after time and I think that this is one of those moments, before Costco grows more.
If you are in this trade as a long-term trader it is better to know that we may see any bearish correction.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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