📈 #MyCOSTrade
Update: I recently entered a position in Costco (COST) after spotting a strong breakout above key resistance around $800. The stock has shown impressive resilience amid market volatility, backed by solid earnings, growing membership revenue, and strong consumer demand. With inflation easing and consumer spending steady, COST continues to look like a reliable long-term play. I’m targeting a short-term move toward $850 with a tight stop below $780 to manage risk. Watching volume trends and RSI closely for confirmation.
🛒 Costco’s fundamentals remain rock-solid — this trade aligns with both technical and fundamental conviction.
Are you trading retail stocks this quarter? Share your thoughts or setups below! 🔍
#Stocks #Trading #RetailStocks #Investing #SwingTrade #Costco