Costco Wave Analysis – 13 July, 2020

• Costco broke powerful resistance area

• Likely to rise to 336.00

Costco recently broke through the powerful resistance area located between the resistance levels 325.25 (monthly high from February) and 321.50 (monthly high from April).

The breakout of this resistance area accelerated the active short-term impulse wave 3 – which belongs to wave (3) from June.

Costco can be expected to rise further toward the next resistance level 336.00 (forecast price for the completion of the active impulse wave 3).