COST - Possible head and shoulders forming into a falling wedge
It looks like COST is making a H&S. Price might fall into the wedge, and then moon after that. Could go to the Fib around $362. People will horde Costco when SHTF, but look at what happened during C19 crisis when the toilet paper ran out. The oil crisis could put constraints on trucking and suppliers being able to fulfill orders. My gut was telling me to sell at $560, but I got too high on euphoria. We have passed complacency and are now at the anxiety / denial phase of this market cycle.
Costco shoppers:
- Boomers
- Families
- Gold-diggers
- Kooks
Costco shoppers:
- Boomers
- Families
- Gold-diggers
- Kooks
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