Golden fractal says it all It is at a couple nice trend lines and the 200dma though 🤣
Hello everyone COSTCO started a uptrend channel in march so far price in uptrend channel still intact watch chart key notes for more detail and clear path for any question feel free to ask :)
How should I play this one? I plan to buy an option spread. Spreads can lessen your risk exposure, and give you an opportunity to make money on both ends. If there is any significant dip before/after earnings, I'll buy my "call sell" back and ride my call up. If it hits the target beforehand then we are golden. Will be buying in tomorrow. $COST NASDAQ:COST
I'm just sharing my costco chart without any fib lines
Again reaching the resistance level around 315$ I see three scenarios IMO: 1. It will form a small cup and handle pattern and move higher. 2. It will break through resistance level, move higher and use the old resistance as new support. 3. It will be rejected by the resistance and will go back to re-test support level at 295$
Costco has been in an ascending channel since 2017! Long Costco!
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$COST Breaking out of consolidation today to fresh all time high. Assuming a close today >$325 expecting to see a strong follow-through move in the near term. Near term target: $350.00 Note: Not investment advice.
According to our signals, the target prices are $303 and $307. I hopped in today and grabbed a couple options. We've got a potential morningstar forming. Let's see
I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S. The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three...
This is a very nice risk/reward trade as the price could potentially hit the target and then also break out the ascending triangle for even greater profits. The stop just below the 200 day MA and the loss of the trend-line is a clear stop and a tight stop
🔥🛒🔥 Costco's fundamentals have us thinking about buying enough COST to feed a family of 8... but do we really need all this COST now? While the trend looks good, Costco isn't as cut and dry as some other COVID impacted stocks. Still, we expect revenue and earnings to be up again since last quarter and we expect people getting back to life after COVID to choose...
Descending Triangle + Demand Zone + Decreasing Volume + Divergence
May 19th is Walmart's earnings. No doubt numbers are already expected to be quite high. That said, if you look at the YTD chart, there's little to write home about this stock. Expecting a gap fill, not sure I'll stay in after that.