Costco COST has now the most days down in a row since the UPTREND began which I post a major low at march low . THE markets all will be rolling over after the last wave up is nearing The CARES money runs out and inflation will then cause a rather slowdown due to an increase to ALL as the FREE MONEY COMES TO AN END !
Pattern: Channel Up on 1W.
Signal: Buy as the price broke above its Resistance (and November 2020 High), in a similar sequence as the April-May 2019 fractal. Even the RSI sequences are identical indicating that the price is breaking outside of this consolidation pattern.
Target: Within the 1.5 - 2.0 Fibonacci extension zone (as in 2019).
** Please support...
Costco just released a strong earning report which proved once again its business model could transcend good and bad time.
If we looked back at the last three years, we could easily observe Costco shares often time dropped the week before earning release, and bounced right back up after. It happened in 2018, 2019 and just now before the earning last...
Quick swing trade set up on COST.
Entry: Under $325
Profit Target: $333 (target 1), $350 (target 2)
Stop loss: $ 317
Risk: up to 2.5% loss
Upside: 7.5%+ (you could choose to hold this long term -- pays a decent dividend).
Good luck traders!
Costco has been down because of the recent pullback and it might bounce back after hitting support which previously was a resistance. The 20-day moving average is also intersecting with the support shows strong signs of a bounce-back up to levels before
With the recent bottom testing on the SPX500USD
How does this affect COSTCO's recent massive correction?
This could be a great entry point!
Use trend line for stop loss!
And remember to track index. If SPX500USD sells more, then costco could go down more.
Bullish Shark Harmonic Pattern coinciding with horizontal S/R. COST is way over sold imo, this thing is due for a relief bounce. It blew threw the 886, the nest target is the 1.13. Be watching for a bull div going into the PCZ (1.13).
$CLOV revering and nearing end of bullish wedge pattern. We likely see a nice breakup going into next week. Additionally, the Medicare Advantage Leadership Innovations meeting will be held on January 27, 2021 where they stated they'd announce a previously unannounced partnership. Recently updated 2021 provider lists notes the addition of Costco $COST. So this...
- Market cap of 150+ B
- In my opinion, this is a great long-term old, one company with rising sales in eCommerce and in physical stores.
- In the past few weeks the price of NASDAQ:COST had a correction of 10%.
- The RSI is almost oversold on the daily.
- MACD showing exhaustion of selling on the daily.
- 50 SMA about to get hit