Charting CostCo (COST)

Ben joins Scott to give the viewers a takeaway of Costco. The stock in a long term uptrend, but they've been pulling back through this intermediate term downtrend now, maybe seeing a little bit of reversal of fortune here on that move back to the upside. Ben demonstrates the completion of a head and shoulders pattern which is possibly supportive of price. Within the head and shoulder pattern Ben illustrates a short term cup and handle pattern which is typical of a bullish reversal.

Chart Master

29 Mar 2021

ON AIR
7:00 am
Futures

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Charting CostCo (COST)

Ben joins Scott to give the viewers a takeaway of Costco. The stock in a long term uptrend, but they've been pulling back through this intermediate term downtrend now, maybe seeing a little bit of reversal of fortune here on that move back to the upside. Ben demonstrates the completion of a head and shoulders pattern which is possibly supportive of price. Within the head and shoulder pattern Ben illustrates a short term cup and handle pattern which is typical of a bullish reversal.

Chart Master

29 Mar 2021

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US