COST

looks exhausted here. If you look on the weekly we got a big spike up that then closed under resistance which is usually a pretty good bearish signal.

I think

COST

will start it’s way down to the ~$400 support levels over the next year (by the end of 2025).

However, I think in the short term it’s likely that we’ll bounce at $761 or $667 support levels.

Let’s see how the move plays out.