The price has now touched a major support level, one that has already proven its strength multiple times in the past. Each time price reached this zone, it reversed strongly to the upside, showing that buyers consistently step in here.
From my perspective, I think the same scenario could play out again — with the support holding and price starting another reversal move upward, just as it has done in the previous touches.
🎯 Conclusion: My view leans bullish — Costco is sitting on a strong historical support, and I expect a potential reversal from here, similar to prior reactions. Still, markets are unpredictable, and this remains only my view.
From my perspective, I think the same scenario could play out again — with the support holding and price starting another reversal move upward, just as it has done in the previous touches.
🎯 Conclusion: My view leans bullish — Costco is sitting on a strong historical support, and I expect a potential reversal from here, similar to prior reactions. Still, markets are unpredictable, and this remains only my view.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.