Costco starts recovering - Analysis - 21-11-2023

Costco Wholesale Corporation's stock (COST) rose in the intraday levels, while gathering momentum and venting off overbought saturation in the RSI, amid the dominance of the upward medium-term trend, as the stock trades alongside the short-term secondary trend line, with positive pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 599.90, provided the support of 571.16 holds on.

Expected trend for today: Bullish