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Costco: ⬇️ Sell
– Costco reversed from the resistance zone
– Likely to fall to support level 985.00
Costco recently reversed down sharply from the resistance zone located between the key resistance 1080.00 (which stopped the previous impulse wave 5) and the upper weekly Bollinger Band.
The downward reversal from this resistance zone stopped the earlier weekly impulse wave 5 from April.
Given the strength of the nearby resistance zone and the bearish divergence on the weekly momentum indicator, Costco can be expected to fall to the next support level 985.00.
Source: https://fxpro.news
