Terra Incognita
05-21
I opened $Costco(COST)$  ,COST: Short Costco at $797 which is about $120 higher than my last short. This is to bring my short average up to $699 ahead of earnings on 30th May. Costco now is at all time high and overbought going into earnings. It is also on the upper band of a channel and near key resistant level of $800. This stock is consumer defensive and the company is well run and well liked. I’m looking for a short term correction on Costco to secure a win for this swing trade.
Trading Order
SymbolSidePriceFilled time
Costco
USCOST
Sell
Open
797.02024-05-2122:34:35
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