– Costco reversed from support level 1025.00
– Likely to rise to resistance level 1080.00
Costco recently reversed up from the support level 1025.00 (which stopped wave iv at the start of February) intersecting with the 20-day, moving average and the 38.2% Fibonacci correction of the upward impulse from January.
The upward reversal from the support level 1025.00 stopped the previous minor correction 2, which belongs to wave (5) from December.
Given the clear daily uptrend, Costco can be expected to rise to the next resistance level 1080.00 (top of the previous impulse wave 1).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies