Trading ideas for Costco Wholesale Corp. (NASDAQ) 08.12.2020
#COST
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages directed upwards. The inclined channel of the descending pattern is broken. Stochastic Oscillator signals oversold condition.
Trading recommendations:
Buy on the formation of an ascending 1-2-3 pattern.
Stop Loss: 371.00.
Target level: 388.00.
