COST (Costco Wholesale) Should Pull Back Before Rally Resume
@Elliottwave_Forecast:
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq. As discussed in last article, COST finished ((3)) sequence started from $697.27 low, which ended at $896.67 high. Currently, it favors corrective pullback towards $782.04 – $737.32 area, where it should find support to turn higher. COST – Elliott Wave View