Costco (COST) Breakout Alert! Ready to Soar?
Hey traders! Check out this bullish setup on Costco Wholesale (COST) . The stock just broke out above key resistance at $987.72 after a solid consolidation phase, with a clear target of $1,052.87 (+4.91% potential gain). The risk-reward ratio here is a juicy 2.47, with a stop at $919.88 to protect against downside.
Why I’m Excited:
Strong momentum with higher highs and higher lows.
Ichimoku Cloud support below, showing bullish trend continuation.
Buy signals (green triangles) aligning perfectly with the breakout.
Trade Plan:
Entry: $1,003.41 (current price)
Target: $1,052.87 (+4.91%)
Stop Loss: $919.88 (-1.99%)
What do you think—bullish or bearish on COST? Drop your thoughts below, like if you’re in on this trade, and share with your trading crew! Let’s get the convo going!
#Costco #Bullish #Breakout #Trading #Investing
Hey traders! Check out this bullish setup on Costco Wholesale (COST) . The stock just broke out above key resistance at $987.72 after a solid consolidation phase, with a clear target of $1,052.87 (+4.91% potential gain). The risk-reward ratio here is a juicy 2.47, with a stop at $919.88 to protect against downside.
Why I’m Excited:
Strong momentum with higher highs and higher lows.
Ichimoku Cloud support below, showing bullish trend continuation.
Buy signals (green triangles) aligning perfectly with the breakout.
Trade Plan:
Entry: $1,003.41 (current price)
Target: $1,052.87 (+4.91%)
Stop Loss: $919.88 (-1.99%)
What do you think—bullish or bearish on COST? Drop your thoughts below, like if you’re in on this trade, and share with your trading crew! Let’s get the convo going!
#Costco #Bullish #Breakout #Trading #Investing
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.