Costco Wave Analysis – 9 February, 2022

• Costco broke resistance level 526.40

• Likely to rise to resistance level 560.00

Costco continues to rise after the earlier breakout of the resistance level 526.40 (top of the previous waves (B) and (1)).

The breakout of the resistance level 526.40 accelerated the active medium-term impulse wave (3).

Given the clear daily uptrend – Costco can be expected to rise further toward the next resistance level 560.00 (former resistance from November and December, target for the completion of the active impulse wave (3)).