$COST is transiting from the Markup to the Accumulation (A)Costco Wholesale CorporationBATS:COSTKhanhC.HoangThe squeezing and oversold momentum readings suggest the markdown is losing steam and "stopping action" may be occurring. We could be witnessing the area where a Selling Climax or preliminary support forms. I'm not looking for a new all-time high, but a trip to test resistance seems likely.