COST (Costco) — Range-Bound on Daily: Key Breakout Levels to WatCostco Wholesale CorporationBATS:COSTforexcitypro_leemeenalHello to all our amazing TradingView followers! 👋📈 Hope you've been having profitable days and are always making smart, well-thought-out decisions in the markets 🌱💰 Today we're bringing you a technical analysis on Costco Wholesale Corporation (COST) 🛒📊 📌 Quick Fundamental Look Costco stands as one of the strongest players in the U.S. retail sector 🏬. With its membership-based business model and exceptionally loyal customer base, the company has delivered years of steady sales growth and consistent dividend increases 💵📈. This stability has made COST a favorite among long-term investors in the U.S. equity market ⭐ That said, let's not forget: investing in U.S. stocks — even high-quality names — is never risk-free ⚠️ Fed interest rate policy, inflation concerns, geopolitical tensions, and a potential global economic slowdown can all weigh on the price action of such names 🌍📉 Always trade with proper risk management and a risk-aware mindset 🛡️ 📐 Technical Analysis (Daily Timeframe) COST price is currently trapped inside a Range on the daily timeframe 🔒. Based on experience, trading inside this kind of zone often produces false signals — that's why we've marked it as a "No Trade Zone" 🚫, and we recommend avoiding new positions while price stays inside this box. Two key breakout levels have been identified: 🔼 Upper Resistance Level: A confirmed daily breakout above this level could signal continuation of the bullish trend ✅📈 🔽 Lower Support Level (bottom of the range box) A confirmed daily breakout below this level could signal the start of a bearish move ✅📉 ⏳ Important note: any entry should only be considered after a confirmed daily candle close outside this zone — not just a wick touch. 🗳️ Poll for Our Followers Which direction do you think COST breaks out of this range? 🟢 Breakout to the upside (bullish continuation) 🔴 Breakout to the downside (bearish move) Drop your thoughts in the comments 💬👇 ⚠️ Disclaimer This analysis is for educational and informational purposes only and does not constitute investment or trading advice. All trading decisions are your own responsibility, and Forex City Pro is not liable for any potential profit or loss. Please do your own research and always apply proper risk management before making any financial decision 🙏 #COST #Costco #NASDAQ #USStocks #TechnicalAnalysis #StockMarket #ForexCityPro #Investing #Retail