danbeaulieu

COST - trending

Long
NASDAQ:COST   Costco Wholesale
This one will be short and sweet. Bullish if we stay above the white trend-line. On balance volume is the indicator I look to to gauge trend strength, it looks pretty strong at this level. I will note the double top, but I don't think its a brick wall. I will also note the slight RSI divergence, which is typically a hint to bulls that the ride is nearing its end. But I don't think we're quite there yet.

Buy at the trend-line not when price has deviated away from it. Make sure you have entry and exit parameters established prior to entering.
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