Short term view - COSTCO WHOLESAL : Pulling back to the gap
Peaks and troughs overlap, they still define a bearish trend but it could also be an exhaustion. The next target is at $143.00. The invalidation level is above$162.00.Arguments :
- The support has been reached, it causes the bounce.
- The moving average is capping prices.
-...
Costco Wholesale and its subsidiaries are principally engaged in the operation of membership warehouses based on the concept of providing its members low prices on a selection of nationally branded and private-label products. The company's merchandise are: food and sundries, which include dry foods, packaged foods, and groceries, snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies; hardlines, which include appliances, electronics, health and beauty aids, hardware, and garden and patio; fresh food, which include meat, produce, deli, and bakery; softlines, which include apparel and small appliances; and ancillary, which include gas stations and pharmacy businesses.
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