The price has now touched a major support level, one that has already proven its strength multiple times in the past. Each time price reached this zone, it reversed strongly to the upside, showing that buyers consistently step in here.
From my perspective, I think the same scenario could play out again — with the support holding and price starting another reversal move upward, just as it has done in the previous touches.
🎯 Conclusion: My view leans bullish — Costco is sitting on a strong historical support, and I expect a potential reversal from here, similar to prior reactions. Still, markets are unpredictable, and this remains only my view.
From my perspective, I think the same scenario could play out again — with the support holding and price starting another reversal move upward, just as it has done in the previous touches.
🎯 Conclusion: My view leans bullish — Costco is sitting on a strong historical support, and I expect a potential reversal from here, similar to prior reactions. Still, markets are unpredictable, and this remains only my view.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.