Price at 966.58 sits fractionally below the 50-SMA (968.75) but 0.96% above the rising 200-SMA (957.42), keeping the longer-term structure intact. MACD at -5.21 versus signal -10.19 shows a bullish crossover developing from below zero, consistent with an early momentum turn. RSI at 57.37 is constructive without being extended, leaving room for continuation. The technical-inflection score of 69 and trade-quality of 80.4 corroborate a setup that is actionable rather than mature.
Tuesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 4 long, 1 short. Trade your plan and manage risk first. Also screened: $HD, $META, $IGV, $AAOI, $ALGN, $HIMS.
5 of 5 plays
COST is coiling directly at its 50-SMA (968.75) while holding just above the 200-SMA (957.42), a compression zone where a resolution is imminent given the improving momentum backdrop.
EntryPreferred trigger on a reclaim and 15-min close above the 50-SMA at 968.75; secondary add on a pullback that holds the 960-962 shelf above the 200-SMA.
TargetsFirst objective near 985, capturing the mean-reversion move once above the 50-SMA → Second objective near 1,000 psychological level as momentum extension
StopInvalidation on a daily close below 957.42 (200-SMA); a break there would negate the higher-low structure and flip trend bias to neutral/negative.
Educational only. Not financial advice.