SamSuka
The Long Investor
The Long Investor

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$COST TOP 20

$COST finally got its pull back and it was a very clean ABC count too,

Price fell between the 0.38 Fib and the 0.5 Fib, not as long as many pull backs but this reinforces the notion that $COST is a popular stock and like I have said many times before about $COST, any substantial pull backs will be bought up here.

The price just finished below the 50 Day MA at $544, so a break above this leve at $546 and holds, is a buy signal and a good stock to hold to ride the wave up to $670.

$COST TOP 20

Comments

Hi Damien, the undervalued buyzone is under the wedge, it’s not seen on this time frame. However, in the bull case, it is still an attractive buy

Gareth Neary

Hi, new member here, so sorry if this is a silly question. Is there a buy zone in the above chart?

Damien O'Sullivan


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