$COST Looking bullishAgain reaching the resistance level around 315$
I see three scenarios IMO:
1. It will form a small cup and handle pattern and move higher.
2. It will break through resistance level, move higher and use the old resistance as new support.
3. It will be rejected by the resistance and will go back to re-test support level at 295$
0I47 trade ideas
COST: Damage control, if below 324; otherwise new ATHPretty straightforward setup... possible impending "falling knife" PA... watching how it holds if volume can pick up... worst case, likely makes quick touch down around 315, or even back to 300, build up more support, and then rocket back up -- granted this "forever bullish" sentiment can maintain through this next week of ERs
COST BUY OR LONG , TARGET UP TO $357 COST confirms the asymmetrical triangle pattern at $ 321, currently has a bit of resistance and confirms further strength
if it breaks above $ 331, however the confirmation price is bought at $ 321 - $ 325, I was Long.
COST buy : $325 - $326
COST target : $357 +-2
Stop loss : $315
Wish you good deals!