COST Chart: Overbought & Bearish Signals Emerging
$Costco(COST)$ - Weekly Chart:
Technicals don't matter in overextensions until they do.
This chart was posted when the latest shooting star candle appeared, highlighting similarities with past instances when RSI was at the same time in overbought conditions.
Price continued to rise until the downward momentum intensified (elevator down).
A bearish MACD crossover is imminent.
All eyes are now on the 10-week moving average.
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https://x.com/SmartReversals/status/1814656625485008980
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