COST Pressured at $956.32 Under Bearish EMA Stack
Costco Wholesale Corp (COST) fell 3.91% to finish at $956.32 on June 1.
Chart analysis reveals a bearish configuration:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($1010.68) and 21-day ($1018.32).
Momentum
RSI at 33.8 is neutral but weakening. MACD reads -2.01 against its 7.57 signal line (bearish).
Volatility
Price has pierced the lower Bollinger Band ($960.47), which often precedes a bounce.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $960.47.
Support sits at $960.47 with resistance at $1087.90.
