iJavidTrader

COST still up

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NASDAQ:COST   Costco Wholesale
Costco has been trending up for a while and this is why we do not fight the trend. It is far simpler to trade the direction of the trend than against it.

Price has broken through resistance on both the weekly and daily chart and dealing just above 130. If price can stay above the daily resistance then we may have a but candidate again since the pullback started at the end of 2013.

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