Earlier in the morning, I did some homework for the US market. I found this counter Costco and saw that profit taking with smart money exiting where they are locking in profits and might be doing a short selling. Hence, I went to studied the chart deeper and found that the stock was weak with bearish setup. I decided to give the alert to all my US members in the
morning at 11.17am and sent out a bearish Whatsapp alert. As of now, the stock started crashing and I am pleased to see many of them shorted and made some good $$ intraday. Let's see later.
Update: 5/10/2018, 8:57am
Costco just announced bad earnings results. Click below and see. The stock might gap down further later in the evening when it opens for trading and we already shorted it BEFORE the results yesterday!! Let's see
https://www.bloomberg.com/news/articles/2018-10-04/costco-falls-after-reporting-problem-with-it-systems-in-results
picture source: bloomberg
Ronald K - A Game Changer
