Wild day in the market but Costco (COST) seems to be the calm in the midst of the storm. costco deal breakout of the chart

I really like this setup here. You have a clear breakout above resistance which essentially represents the neckline of an inverse head and shoulders pattern. 

I’ve gone ahead and provided the ideal trade parameters that’d I’d use on the trade. 

Here’s the trade setup:

costco-cost swing trade setup bullish 

You Might Like

  • How to use Moving Averages for Swing Trading

  • When Geopolitics Hits the Wires: Lessons from Iran to Maduro

  • Swing Trading Using Volume Analysis