Cup and Handle has formed on Costco and the system has lined up beautifully for a long with a target of $587.65. However, no trade will be taken according to the system as there is a GAP in the pattern. Gaps close 70% of the time... It might work out but through my experience, gaps close shortly after (which is where the stop loss would more or less be). WARNING:...
Market has been rallying but today seemed suspect and pop in VIX implies smart money possibly hedging under the hood. Time to start looking for hedges / short opportunities , whether we get a large move down or just a pullback before going higher, IMO in the near term we see some selling. Costco is at trend line resistance and therefore I see it as a good hedge/...
COST (COSTCO) has formed a massive head and shoulders pattern over the past year, which seems like a no-brainer opportunity to get short. COST could possibly reach 440 by the middle of October and 407 by the first week of November if the price breaches the neckline around 464. A period of consolidation could delay these estimates by several days. Disclaimer: I...
About to go through pivot level in what otherwise looks like a finished impulse. Picking conservative, fractally evident levels. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink...
Looking at the COST Costco Wholesale Corporation options chain, i would buy the $475 strike price Puts with 2022-9-30 expiration date for about $5.15 premium. Looking forward to read your opinion about it.
530.5 is an important level for Costco. This level coincides with 34 EMA. If the stock crosses this level, then we can go long with a target of 543. If the stock is not able to cross this level, then I would go short with target of 510
COST is primed for a move out of Pennant. Wait for break of Pennat to determine direction. It’s lost the 9ema on weekly. A slight bearish bias #RedDevilTrades #RDT
Costco appears to be forming a huge H&S on weekly. While I hadn't really paid much attention to Costco I did see it mentioned yesterday which caused me to take a look. Want to note that Costco has performed strong relative to the market and that's why I like it for a short. This recent rally over the past couple of months is leaving a lot of meat on the bone for a...
Costco chart here shows a head and shoulders formation which is bearish.. Chart got originally striked so had to repost this lol -- 510 bearish target with a 390 buy in mind for the long term portfolio. 510 390
COSTCO IS A GREAT STOCK, but the price action is showing a cool off after this strong run up almost 40% from the May lows! The current bull trend is in a Huge rising Wedge, and also the overall chart is showing a head and shoulders formation in the making in the near future. Look to load up on puts at these 2 marked areas!
🔸️Ticker Symbol: COST 🔸️Timeframe: 4 Hour 🔸️4X Bull Pattern 🔸️Investment Stratey: Long TECHNICAL ANALYSIS: Costco is currently in a 4x Bull Pattern. Our dashboard is showing money momentum (white line) shifting to the upside, we have a green dot which is a key EMA crossover, the middle line has switched from red (bear) to green (bull) market momentum and the...
Costco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline. An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target. Costco is a very strong company don't...
Many of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
Ichimoku R is near 510 and would be the bullish target Now rejecting at yellow trendline that used to act as some support 380 PT
In this update we review the recent price action in Costco and identify the next high probability trading opportunity and price objectives to target
Kohls has ER tmrw in pre market .. picked up puts confident it can drop some more. There is a gap to be filled near 33$ -- in all honesty I think this could be worth $20 a share but who knows.
TGT is down 25% after the earnings today. Could COST be next? if we look at the P/E ratio, TGT has a P/E of 15.58, while COST much higher, 39.87. I wouldn`t be surprised to see a retracement of COST at the pre-pandemic level of $387. Looking forward to read your opinion about it.
Looking forward to this bounce on $COST - although quite expensive