Costco Trading Analysis (01/04/2025)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМАs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop loss above the local maximum of the ascending structure.
- Price targets at 895.57 and 889.84.
#costco #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
