COSTCO may be the most durable choice in this Bear Cycle.

Costco (COST) has been trading within a 17-year Channel Up ever since the 2008 Housing Crisis. Since its June 2025 High, it has been on a steady decline, contrary to the big gains of other high cap stocks (mainly tech).

During this decline, it has broken below its 1W MA50 (blue trend-line), which has been the main Support of the Bull Cycle since May 2023, confirming its Bear Cycle.

However, it just hit its 1W MA100 (green trend-line), a critical level as it is the one that not only formed the bottom of the 2022 Bear Cycle but has also been holding since September 2017, providing numerous excellent buy entry opportunities.

With the 1M RSI also approaching its 9-year Support Zone, we believe that Costco may be one of the most durable stock investment choices during the upcoming Bear Cycle on stock indices. The Sine Waves are laying out a rather solid mapping of key market top formation periods long-term and we are currently far from one.

The 17-year Channel Up is currently on its 3rd major Bullish Leg and remarkably enough the previous two both rose by the exact same percentage, 347.16%. If the current Bullish Leg repeats that from its 2022 bottom, then we can expect this stock to reach $1800 around 2028.

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