COST had been a great trending stock for quite some time - particularly through 2011-2013.
But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation.
The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars but the volume was on the low side so this was not a convincing long position. But yesterday's bar (4th November) broke out (from a one bar pullback) on higher volume. Might be a good buy opportunity again.
But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation.
The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars but the volume was on the low side so this was not a convincing long position. But yesterday's bar (4th November) broke out (from a one bar pullback) on higher volume. Might be a good buy opportunity again.
Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
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.
Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
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.