$COST TOP 20
Added 2023-09-24 19:12:43 +0000 UTC$COST is the one stock exception that has been holding up a lot better than others but the concern here is that this has not made a new high yet and we could be seeing a longer ABC and this goes the same way as the other stocks and comes down to the 200 Day MA at $515.....and where is the 200 Day MA on this chart too?....exactly at the 0.618 Fib too, which is the perfect spot to hold and complete and ABC pull back and a strong confluence level too.
For now, it is still holding up well and above the 50 Day MA as well, so the chart remains as shown, this next week will be telling and we should know early in the week whether a lot of the stocks will decide to move down to the 200 Day MA, along with the market.
I believe a lot of members would buy this if this comes back to $515 at the 200 Day MA, right down to its break out level of the wedge.
