Costco WholesaleShort
Correction to $850-920 essential for keeping the uptrend healthy
Aggiornato
- Price is overextended and investors are treating COST as the growth stock than a safe quality stock. Price/Earnings ratio is around 60 which his historical high on the other hand the company is growing single digits.
- With wage growth stalling and with uncertain macro, it's unlikely that majority of people will stock groceries for a month in advanced. Many folks are shopping weekly/bi-weekly from Walmart instead.
COST as the growth stock than a safe quality stock. Price/Earnings ratio is around 60 which his historical high on the other hand the company is growing single digits.- With wage growth stalling and with uncertain macro, it's unlikely that majority of people will stock groceries for a month in advanced. Many folks are shopping weekly/bi-weekly from Walmart instead.
Trade attivo
COST pull back is healthy.
If you're considering long position in it then monitor for 200 sma on daily and add in stages
Trade chiuso: obiettivo raggiunto
closing short and looking for some consolidation and going long
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