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Technical Analysis with chessNwine

chessNwine
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Joined Apr 1, 2010
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Buyer Exhaustion in Bulk

chessNwine Sat Aug 31, 2013 12:30pm EST 4 Comments

I posted this quarterly chart of Costco yesterday on Stocktwits, and I think it is worth posting here. On shorter-term timeframes, the $112 area is going to be a huge level to watch into September.

Keep in mind, many retail plays have been getting whacked of late. One holdout has been Lowe’s (LOW), even as competitor Home Depot has started to succumb to selling.

So, that is another dynamic I am watching into the fall months.

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COST

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4 comments

  1. Randad
    Randad
    August 31, 2013 at 12:35 pm

    even KKD got turned into a swirled pile of dog doo creamette

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  2. e1tan
    e1tan
    August 31, 2013 at 6:08 pm

    check CRM as it seems to be in a huge megaphone pattern

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  3. Ss
    Ss
    August 31, 2013 at 6:15 pm

    This is not exhaustion. The last candle is not complete yet. So watch for a breakout.

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