Feb. 4 at 5:36 PM
Don’t Only Watch the Toppers — While PLTR/NVDA Show Patterns, COST Could Be Starting a Big Leg Up
Everyone’s eyeballs are glued to the potential toppers —
$PLTR and
$NVDA. Emotion stacks up and people start forecasting pain. But in secular bulls, sell-offs often get chewed up fast. Look at
$COST — it printed a large distribution, dipped, and then erased months of declines in short order. That pattern now looks like a set-up for a major leg higher if volume confirms.
Trade play :
– Macro take: Don’t let headline topping talk blind you to mean-reversion reflexes in big winners.
– COST: If price holds and volume backs it, ladder in and treat this as a swing setup — the upside can come fast.
– Risk: Size properly, use stops, and remember toppy names can still yank market sentiment.
