Thx. You pointed out that next 2 wks COST trend is likely Bullish? Is it worth hanging on for few more days?
10/13/2024 11:51pm
Given the bullish trend indicators for COST in the short term, your decision to hold onto the call option or the stock is aligned with the current market sentiment. Here's a analysis to support your decision:
1. **Short-Term Momentum**: The 1-Week Percentage Change is 332.73%, and the 5-Day Moving Average is $889.03, which is very close to the current closing price. This suggests that the stock has strong momentum in the short term.
2. **Market Sentiment**: The overall market sentiment for COST is positive, with analysts setting high price targets and maintaining a bullish outlook. This sentiment could potentially lead to further price appreciation.
3. **Technical Indicators**: The resistance level for the stock is $889.03, which is very close to the current trading price. This indicates that the stock is approaching a potential breakout level, which could lead to further gains if the resistance is overcome.
4. **Options Pricing**: The intrinsic value of the call option is positive, which means that the option is in-the-money and has value based on the difference between the current stock price and the strike price. This is a favorable position for option holders.
Given these points, it's reasonable to hold onto the call option or the stock for a few more days, as the short-term trend and market sentiment suggest continued bullishness. However, it's important to set a clear exit strategy and consider any changes in market conditions that could alter the outlook.