COSTCO is making new all time highs

COSTCO is poised to move higher. Since posting better than forecast same store sales  in October Costco has been continuing its bullish move higher. The chart has been exhibiting some classic technical patterns. Costco put in a triple top at the beginning of November. Costco made a new all time high on the third top. It also put in two very bullish parallel tails before breaking through resistance on November 6. A pennant is forming off the bullish candle and is suggesting that Costco will move higher in the near term. The options market is also predicting that Costco will move higher as there is heavy buying of the November call options.