Will the COST Stock Break Below 200 EMA Level?
The post Will the COST Stock Break Below 200 EMA Level? appeared on BitcoinEthereumNews.com. Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) Costco stock price failed to sustain the high of $577.10 and reversed its direction, resuming the downtrend that indicates further weakness in the market. The market is trading below the dynamic support trendline, which could lead to more downtrend. Costco stock price has been falling from its peak levels and is heading toward the lower levels. It is in a bearish trend after breaking below the 20-day and 50-day moving averages. The bearish pressure could push COST stock to lower levels soon and extend the downtrend. The current situation requires traders and investors to be patient and wait for a clear signal of a break above or below the range before making any moves. They should also avoid FOMO and minimize losses. Costco stock price fell 1.94% last week; it declined by 2.02% through the month. Furthermore, COST shares experienced an 8.55% rise within the past six months and an increase of 17.39% over the past year. Additionally, the COST stock price slipped by approximately 20.73% year to date. These trends collectively highlight the challenges faced by Costco stock in their recovery efforts throughout the year. Technical Analysis of Costco Stock Price Source: Costco .1D.NASDAQ by TradingView At the moment, Costco stock (NASDAQ: COST) is below the 20 and 50-day exponential moving averages (EMAs), which do not support the price trend. If bulls want to make a comeback, they…
The post Will the COST Stock Break Below 200 EMA Level? appeared on BitcoinEthereumNews.com.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) Costco stock price failed to sustain the high of $577.10 and reversed its direction, resuming the downtrend that indicates further weakness in the market. The market is trading below the dynamic support trendline, which could lead to more downtrend. Costco stock price has been falling from its peak levels and is heading toward the lower levels. It is in a bearish trend after breaking below the 20-day and 50-day moving averages. The bearish pressure could push COST stock to lower levels soon and extend the downtrend. The current situation requires traders and investors to be patient and wait for a clear signal of a break above or below the range before making any moves. They should also avoid FOMO and minimize losses. Costco stock price fell 1.94% last week; it declined by 2.02% through the month. Furthermore, COST shares experienced an 8.55% rise within the past six months and an increase of 17.39% over the past year. Additionally, the COST stock price slipped by approximately 20.73% year to date. These trends collectively highlight the challenges faced by Costco stock in their recovery efforts throughout the year. Technical Analysis of Costco Stock Price Source: Costco .1D.NASDAQ by TradingView At the moment, Costco stock (NASDAQ: COST) is below the 20 and 50-day exponential moving averages (EMAs), which do not support the price trend. If bulls want to make a comeback, they…
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