$COS In the ever-evolving world of technical trading, it pays to keep your eyes peeled for clean breakouts — especially when paired with solid volume and textbook retests. That’s exactly what unfolded on COS today, and I didn’t hesitate to take the shot.
#MyCOSTrade The Setup: After a period of consolidation beneath a clearly defined resistance level, COS finally broke out with conviction. The breakout candle didn’t just edge above the level — it closed strong, backed by a noticeable surge in volume. That was my first signal that institutional interest might be kicking in.$COS
The Entry: Rather than chasing the breakout, I waited for the golden ticket: the retest. COS came back down to the previous resistance, now acting as support — a classic breakout-retest pattern. Volume tapered slightly on the pullback, which was another green light. I entered the trade on confirmation of support holding, with a stop just below the retest zone to manage risk tightly.#MyCOSTrade
Why I Liked the Trade:
Structure: Clean horizontal resistance that had been tested multiple times before the breakout.
Volume: Surge on the breakout, indicating real buying interest.
Retest: Confirmed the breakout wasn’t a fake-out — textbook technical behavior.
Risk/Reward: Defined stop and potential for a strong move higher made the R:R ratio very favorable.
Looking Ahead: Now, it’s all about the follow-through. If the breakout holds and the stock continues to build above support, I’ll look to trail my stop and let the trend do the work. First target is the next resistance zone, with room for a bigger swing if momentum stays on my side.$COS
Whether you’re a momentum junkie or a pattern purist, this setup had everything you’d want in a breakout play. Let’s see how it unfolds — but for now, I’m happy with the execution.
Let me know if you spot something better. Game on.#MyCOSTrade
