Tower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.
Costco ( NASDAQ:COST ) missed Wall Street’s revenue expectations for its holiday quarter, despite reporting YOY sales growth and strong e-commerce gains. NASDAQ:COST Shares fell about 4% in aftermarket trading on Thursday but the stock bounced and surged by about 1.6% in Premarket trading on Friday. The company’s stock had hit a 52-week high earlier in the...
Price broke above from the bullish pattern supported by the Ichimoku cloud. I'm expecting the upside momentum to continue. First target around 700 USD.
Hey folks Back with my signature flag and pole. Not into using crazy indicators here but just pure tech analysis. COST giving a weekly flag and pole with divergence on macd. Wait for 8-9 weeks for the next earning season and see it pop. Feel free to checkout my previous ideas and see how they faired. Leave a comment and a subscribe for more ideas Cheers A
This is a "copper condor" not an iron one. Creating 2 debit spreads that one pays off well IF COST gaps nicely and breakout out of this triangle in a nice fashion?!?!
Costco wants your loyalty To some extent, Costco's sales will ebb and flow along with the economy. That's natural for a retailer. But what won't change over the next three years is the company's focus on keeping its customers happy, because that supports an important income stream. And you can keep tabs on that by watching its membership renewal rates. Costco's...
Costco Wholesale Corporation is testing the R1 level (571.65) for the third day straight on a nicely balanced bullish 1D technical outlook (RSI = 60.287, MACD = 2.930, ADX = 22.559). Since the dominant pattern thus far is a Channel Up, if the 1D candle closes over the R1 level, traders should regard it as a bullish breakout opportunity, targeting the R2 level (TP...
XLP has had horrific downside price action over the last several weeks. As it approaches the Weekly 200 MA I do anticipate a bounce to occur. Not many sectors are near the weekly 200 MA. Buying this at the Weekly 200 MA has proven to be a great long term entry for investors. If a bounce occurs and bearish consolidation on the weekly chart occurs, this...
COST show a relatively high level of large-scale triangular This chart shows the weekly candle chart of Costco's stocks over the past year. The top to bottom golden section at the beginning of 2022 is superimposed in the figure. As shown in the figure, Costco's stock peaked in April 2022, plummeted, and began to strengthen in May 2022, showing a relatively...
If you haven`t bought COST ahead of the previous earnings release: Then analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week, I would consider purchasing the 540usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $6.30. If these options prove to be...
Following daily chart. Got a short signal TP - EMA100 or 529 SL - 567.81 - Please wait daily close to stop.
COST had lackluster earnings two months ago and is due for another report in late September, Despite the earnings miss, COST immediately uptrended as if traders and investors were expecting far worse. Since June 1st, COST has been in an ascending parallel channel bounded by the dynamic support and resistance of the first and second VWAP standard deviation...
WMT may be benefiting from the potential suspension of federal rate hikes potentially giving consumers more buying confidence and maybe a stabilization of credit card rates as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th. Price had...
🔹COST is in a rising trend channel in the medium long term. 🔹COST has broken a resistance level in the short term and given a positive signal for the short-term trading range. 🔹COST has support at 486 and resistance at 523. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom |...
TGT is presently selling off as a consequence of a social media retail boycott of sorts which developed after the Bud Lite episode. In the meantime, it had decent earnings despite the impending or present recession. The volume profiles show previously the highest volume of the trading range was $ 155 but now it has fallen to $139. So should a trader...
After EARNINGS, we could see a moving up! Weekly Fibo lvls are oversold and the indicator Konkorde shows a change in trend What do u think about it? Maybe it could go above 500, but I prefer to take profit at that lvls!
If you haven`t sold COST Costco Wholesale Corporation here: Then Analyzing the options chain of COST Costco prior to the earnings report this week, I would consider purchasing the 495usd strike price Calls with an expiration date of 2023-5-26, for a premium of approximately $9.00 If these options prove to be profitable prior to the earnings release, I would...
This Structure that is forming within the channel plotted i am comparing against BTCUSD bear run in 2018. I believe the structure is a top formation with big downsides ahead. Bars pattern shows the big drop comparison.