If you haven`t bought COST ahead of the previous earnings release:
Then analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 540usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $6.30.
If these options prove to be...
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.
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 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!
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.
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...
It has been a wild week so far on the market, with price swings up and down. Cryptocurrency seems to have a correlation with the US market, following the market. This is due to cryptocurrencies youth. In this post I want to see the share price of Costco will increase as demand increases with the current corona virus outbreak. The chart doesn't look great in the...
Costco has hit a 4H level and is building up momentum to the downside. I will be getting out of the trade on an OPEN and CLOSE of a candle above the pink line on the 4H.
