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...
Cost consolidating well near weekly SZ with higher lows , showing more buyers so far , looking good for next weekend 390c swing trade
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.
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
Head and shoulders pattern on COSTCO
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).
WE ARE ABOUT TO SEE AN UPTURN IN COSTCO NICE TRADE LONG
I have just went net long calls in costco for june look for this sector to start up now
$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...
COSTCO WHOLESALE, - 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 - Price...
Costco Going to 380-400, Just call it 390. Watch DXY.
Costco's November sales totals are impressive, despite falling short of Wall Street's expectation. Investors should remain confidently bullish. December numbers should exceed expectations with the Holiday season here. The value area is within the $360-$370 (good entry long) that's around established support.