#MyCOSTrade $
📈 Trading Analysis on Costco Stock ($COST)
#MyCOSTrade
Today, Costco stock experienced notable technical movement, as the price managed to break through the key resistance area at $725, supported by a significant increase in trading volume, indicating the possibility of continued upward momentum in the short term.
🔹 Entry Point: After re-testing the $725 level as a support
🔹 First Target: $745
🔹 Second Target: $760 (if momentum is confirmed)
🔹 Stop Loss: Below the $720 level
🔍 The analysis is supported by the fundamental context, as Costco continued to record strong sales growth, along with quarterly results that exceeded market expectations, reinforcing confidence in the overall upward trend.
📌 Note: It is always advisable to manage risks and adhere to a clear trading plan.
