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COST
Benzinga
32 days

Is Costco Stock Topping Out? Key Price Levels To Watch

1. COST's weekly cycle indicates a possible peak formation in Phase 11. 2. The stock reached an all-time high of $1078.23 before declining. 3. Investors should monitor $893.62 for potential downturn confirmation. 4. If $1078.23 is surpassed, momentum may surge further upward. 5. Partial profit-taking is advised near key technical levels.

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FAQ

Why Bearish?

An apparent peak formation at $1078.23 suggests decline, akin to prior corrections.

How important is it?

The analysis of peak formation in COST is pertinent for investors tracking volatility.

Why Short Term?

Immediate resistance at $1078.23 indicates market corrections may happen swiftly.

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