COST - Weekly - OverboughtCostco Wholesale CorporationBATS:COSTRoninAITraderCostco is currently trading outside a monthly channel it has been in since 1992, which could signal strong demand or overzealous traders. If Costco fails to break the $1034 Fibonacci level, considered the golden target for bulls, a reversal is likely, potentially leading to a return to the 100-period weekly moving average. Despite these trading observations, Costco's financials are robust, showing consistent year-over-year revenue growth and stable net income over the past four years, reinforcing its strong reputation. Major investors in Costco include Vanguard, State Street, and Morgan Stanley. Not financial advice, always do your due diligence Leave a like👍 and/or comment💬. We appreciate and value everyone's feedback! - RoninAITrader