Double top currently formed, holding onto support. Would love to see a bounce on Costco. Long term portfolio would love to see this break lower.
Monitoring $COST for swing entries off 1D linear regression support.
$COST Great competitive advantage stock for longterm portfolio!
Costco has reached its upper channel and is in a parabolic move. Seems due for at least a pulback towards the bottom of its rising channel.
Refer chart mark up - looking very strong - in case if fall from here have strong area of support. If you like try to accumulate from that area. Let me know your thoughts.
Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021. Today, the price is...
COST has been chopping up and down in this clear bear flag trend. It's only a matter of times before it revisits its lows imo. See my "SPY DANGER" chart to see why I'm so bearish on stocks in the coming weeks. I explain everything in detail over there. Looking for a break to the downside in the coming week and a half below the green support line. Targets: 483...
Goals 485, 468, 440. 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. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go...
Update here on Costco, looking to become heavy buyer towards the 390-446 range. Weekly looks like it’ll break down further from here based off technicals.
470 area held, this demand zone look like a nice buy area keep it on your radar. Oversold defensive stock, good for portfolio diversification with the current economic environment.
Costco is a monster .. Looks like it wants 585-590 area where there will be some trendline resistance. Wouldn't want to even short this thing near the top of the pattern iMO. Can reach 620 if it breaks that 590. LIS 565 once above.
Costco Wholesale COST is set to give its latest quarterly earnings report on Thursday after the closing bell, Costco will likely report an Earnings Per Share (EPS) of $2.61. Costco bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. Last...
Costco made a classic buy the uptrend support on Friday. With that boost this looks really good and ready for breakout again for another big run. All indicators are bullish. If Monday holds that $550 support and breakout above $561 it will continue to run. High trend breaking ATH with RSI 66. Explosive, one of my favorite setups. If you want a slow moving...
I am moving to a net short COSTCO USING PUTS AT THE MONEY AT a 85 % net short now . WAVE structure has wave 1 and 5 being equal and wave 3 extended LOOK for a very large decline min .236
IT SEEMS THAT RETAIL IS GOING TO RUN .We have just ended a nice but tight abcde triangle I moved to calls for jan this morning open as we also hit the trendline
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 !