The initial downside projection for Costco Wholesale Corporation (NASDAQ:COST), is around the $121.00 area. Should the right pattern form, shares of Costco Wholesale Corporation (NASDAQ:COST), could decline much further. The beauty of this possible short set up is that we will have a well defined stop loss level known prior to entering the trade - which is a key factor to successful trading. The level which would void this trade and where you should exit for a small loss, will be any daily chart time frame close above Thursday's high. The risk/reward ratio could not be more appealing for this trade. I will be watching and waiting for the perfect time to enter this trade, when I do, I will alert our members at the right time to act.
Come join us at the Elite Round Table and start to become a consistently profitable trader/investor, leaving your investments decisions in the hands of the person that cares the most about it, you! As a member of the Elite Round Table you will receive live trade alerts with precise entry and exit targets from me and two other professional traders. Members of the Elite Round Table netted gains of over 50% as seen here.
Kiliam Lopez @KiliamLopez
Elite Round Table, Pro Trader
