$COST has been able to rise +125% over the last 2 years without any parabolic moves, as the price dipped it was bought up and proceeded to go higher.
The 2.618 Fib at $861 looks converted to support now too which allowed the price to go a high as $962.
Price is pulling back now with the market and another test of the 50 Day MA is likely at $898, a hold here and it can go to the 3.618 Fib at $1000+
Losing this level and the 2.618 Fib will be tested next at $861, where the 200 Day MA is racing up to right now.
DiegoTheSabre17
2024-11-16 21:27:25 +0000 UTC