The 50-SMA at 965.12 sits above the 200-SMA at 957.68, a classic bullish alignment, and price is holding above both. RSI(14) at 60.28 confirms momentum without yet reaching overbought territory, leaving room to extend. MACD at -1.42 remains below zero but has crossed sharply above its signal at -7.93, an early momentum reversal that pairs with the technical-inflection score of 68.4. The tight 1.71% cushion to the 200-SMA means the trend is intact but not stretched.
Wednesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $QQQ, $IGV, $NVDA, $GOOGL, $W, $TQQQ.
5 of 5 plays
COST is trading at 974.03, extended just 1.71% above its 200-SMA (957.68) and now clearing the 50-SMA (965.12), setting up a shallow trend-continuation inflection with both moving averages stacked bullishly beneath price.
EntryPrefer accumulation on pullbacks into the 965–968 zone (50-SMA retest); alternatively, trigger on a confirmed close back above 975 if momentum extends directly.
TargetsFirst target 992–995, a ~2% extension aligned with prior swing resistance → Second target 1,010, capturing continuation on sustained RSI above 60
StopInvalidation on a decisive close below 957.68 (200-SMA); breaking that level would negate the bullish MA stack and flip the working bias to neutral.
Educational only. Not financial advice.