$COST TOP 20
Added 2024-04-03 14:11:30 +0000 UTCWe are starting to see the acceleration to the downside now for $COST, since we called the Top at Wave 5 at the 2 Fib....price has fallen from $787 to $701 today.
Very close to the first important Fib at $696, so relief and support could come here but I suspect it will continue moving down to the 0.38 Fib at $641 over the next few weeks to complete Wave A.
Moving well here for us.
Comments
Great feedback, thanks for the message back.
ARPedro
2024-04-03 15:04:43 +0000 UTCAt Wave 5's rejecting like this, I would certainly be looking at trimming between 40-50%.....sometimes more depending on whether the stock is a long term hold for me. I normally don't play the Wave B bounce because they are never as straight forward as other count but instead I would wait to add around the 0.5 Fib for Wave C
Gareth Neary
2024-04-03 14:29:03 +0000 UTCCap, curious how you play this when we feel like we have a chart playing nicely. COST has been a long term hold for me. 6th largest position and up 142% over that time. On positions like this….do you trim (say 30%) here and then try to pick back up near $640 and ride up for Wave B? Or do you just let it ride…
ARPedro
2024-04-03 14:27:13 +0000 UTC
