COSTCO: 4H MA50-200 squeeze is forming the bottom.

4 พ.ย.

Costco is neutral on its 1D technical outlook (RSI = 49.149, MACD = -2.870, ADX = 33.443) as the price is trading inside the 4H MA50-MA200 range. This is taking place right at the bottom of the year long Channel Up, which has formed the previous two HL exactly on the 4H MA200. Coupled with a 4H MACD Bullish Cross, this is technically the new bottom formation. Our target is at least a +16.30% repeat (TP = 1,000).


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##