Costco Wholesale Corp $COST has completed recovered from its 2018 consolidation/correction, which brought the share price from a higher around $245 to a low around $190. At the end of last week (4/5), price closed at a fresh high of $245.87.COST Daily Chart(click to enlarge)Bullish Continuation:- From the daily chart, we can say that COST has ended that bearish correction phase when price popped up above $220. The $220 area was a previous support/resistance pivot area, and the moving averages were at the time right on top of this area. - The fact price surged above these resistance factors showed that COST was not in bearish correction mode, and back into a bullish one. - With price now making a fresh high the market has further confirmed the bullish continuation mode.Key support:- I think if there is a pullback from the fresh highs, let's say around $250, we have a strong support in the $220-$225 area.- If price pulls back to this area while the RSI also approaches 40, we should anticipate support and subsequent turnaround back into the bullish trend. Long-term Bull:- The bullish outlook is in line with the long-term bullish trend we can see from the weekly chart.- This trend has been persistent so if we see a pullback in the share price of COST, we should probably expect buying from key support levels like $220. - In late 2018 and early 2019, I was waiting for COST to pull back towards the $180 area. - Now, even if there is a strong pullback, I doubt it would drop to $180. The $220 area is likely the new bullish anchor. COST Weekly Chart(click to enlarge)