COSTCO NEEDS TO AVOID BREAKING H-n-S TO CONTINUE ITS UPSIDE RALL

Costco (COST) has posted another strong fiscal year, with revenue climbing to $86.2B and net income up to $5.49B. However, the weekly chart is showing a developing head-and-shoulders pattern threatens the upside momentum, and price must hold above 871 with a rejection candle this week to avoid a deeper breakdown. A close below that level could confirm bearish continuation, despite Costco’s solid fundamentals.

N.B!
- COST price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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