Mar. 20 at 1:49 PM
$COST technical watch: Breakdown or strong bounce?
$COST is at a decision point. Two scenarios to monitor:
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🔻 Scenario A: Follow
$AAPL breakdown
If
$COST mirrors
$AAPL’s breakdown structure and breaks recent support, downside continuation could follow.
🔺 Scenario B: Strong bounce
If buyers step in here and price reverses sharply, watch for a clear break above the upper trendline. Until then, it’s still range-bound.
📌 Game plan
• Breakdown → look for a follow-through short setup
• Bounce → wait for trendline confirmation — no guessing tops
No trade yet. Keeping it on radar. Will update when a signal appears.