Nice parallel channel long trade has presented itself. Last time Costco had earnings the stock dropped 7%, then soon after rallied to ATH. The current earnings resulted in another 7% drop, and it is reacting with a solid ascending parallel channel.
I think a long is suitable here.
I think a long is suitable here.
Commento:
Unfortunately this did not work out perfect. I think it still has a good chance to recover. Safe trading!