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Trading idea for Costco Wholesale Corp. (NASDAQ)

18.03.2021

Market Review

#COST
The overall trend is upward. The moving averages of Stochastic Oscillator are in the oversold zone. Breaking through the price pivot zone of 332.30 will result in the formation of an ascending pattern of 1-2-3.


Trading idea:
Buy when an ascending pattern 1-2-3 is formed above 332.50.
Stop Loss: 307.15.
Target levels: 358.20; 388.00.

Author: GC
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