Costco has been in an overexuberant decline since news of the Amazon and Whole Foods merger. Fortunately, this decline in the stock has brought it in-line with recent support levels and should begin to move upward once again. The stock has been in a consistent bullish trend since 2010. The recent decline seems to be part of the natural cycle for Costco. This cycle...
Large knee-jerk selloff + July 4th weekend coming up + historical precedence = good entry opportunity
On May 17, Costco bounced off of its reoccurring support level. This has been solid support since August 2015. Costco also has earnings in focus this week. The estimated EPS is nearly where it was during the previous quarter's EPS which was a massive miss. A similar massive miss this time around will yield the analysis contained herein almost worthless. However,...
Short COST Entrance to rollback but there is a probability of reversal
Buy the retracement @ 161.79 with a target @ 165.89
We have a pretty low risk trade here. You can look to buy way out of the money calls for dirt cheap after the earnings report for $COST. Upside is crystal clear. Even though this stock isn't such a good value pick, as say, $KSS (which has been nothing short of amazing so far), it's still a good contender to catch up to the retail rally it's been lagging. Good...
WMT Wal-Mart made their high in 2015 and ever since it's going down. More problems will surface with this company as more days pass by. But there are only 3 Green support lines @ work 1997, 1987, 1982. Probably the next good support is area of $50-$45. Then when it breaks it is possible to re-visit $5 area for ultimate buy zone. With the time line analysis it may...
6 days ago I posted on a short trade on COST - Here is the update Target 1 hit. As we are in the blue zone now I will watch the price action carefully but would like to think the next target of 144.72 is achievable also. We'll see :)
I like it when price recognises my predictive trend lines, drawn when the high was put in on August 15th. Even better when it has been acting as a resistance angle. The black dashed vertical line here represents time. It's not telling me direction but suggests that's when another bout of momentum should kick in when price reaches it. The blue box is where I would...
Happy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year... Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore...