The Long Investor
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$COST
🕑 Added 2025-03-21 14:11:58 +0000 UTCWave 5 for us has hit just at the 3.618 Fib just above $1000, which is an extended Fib level for a Wave 5 so we are not surprised to see a pull back now.
There has been no changes to this chart but this is a former Top 20 chart so it is worth sharing again as many members likely still have a position here.
We can see that the 50 WMA at $888 has been tested over the last 2 weeks and if this level is lost then I expect a move down to the Amber 0.38 Fib at $823 for Wave A complete.
If support can continue to hold above $888 then a bounce can come next but any holders should then be watching for a lower high and consider trimming their positions before a further move down.
Comments
Dipen Patel
Going to load up on this stock and hold forever post correction. Candidate to go back into the top 20 at that point!
Nino
I love Costco. Forever hold for me. Will be happy to buy more
ACE
glad I got out of this position
Andrew
Do you play options to the downside targets when in pull backs as well as trim your positions?
