$COST TOP 20
Added 2023-03-26 19:49:17 +0000 UTCI have drawn in a second support line from the two lows to show where support has been. I do not normally draw a second line because I believe it is correct to draw a support line from the first and second points, especially since the highs have consistently made lower highs but the lows have not made higher lows for a perfect wedge, so this is showing that the trend is leaning bearish but for the sake of showing support lines, I have added it in. I tis below the 200 and 50 Day MA now but has certainly came back up to test it.
Will need to see if this can get back into the wedge again or get rejected by both the wedge and the MA's.
So What Now?
Not a buy for me until this comes down to our buy zone and makes a new low below $407. I think there are far too many undervalued stocks available instead of buying around $500
