Nice parallel channel long trade has presented itself. Last time Costco had earnings the stock dropped 7%, then soon after rallied to ATH. The current earnings resulted in another 7% drop, and it is reacting with a solid ascending parallel channel.
I think a long is suitable here.
I am quite bullish on Costco wholesale, they have show amazing growth this year to date and continue to demonstrate strength in the retail world. I am bullish regardless of the reading in the long term. I beleive we have to case scenarios for NASDAQ:COST
Option 1: Good Reading, will casue this stock to continue to pump up about 1-1.5%. This could create enough...
Long above weekly Cloud trim at resistance. Get involved again on a daily close over resistance
- Call debits to allow it to wiggle or 2 weeks Delta 35-50
Costco stock fell 7%+ today, breaking the overall trendline on the D and 4H graphs. I predict that it will have a green day on Monday because the market will retest/correct itself, and after touching the R1 price on pivots (Fibonacci), we can short COST. With a risk-reward ratio of 1:3, less risky traders can exit at a given price in the image, and if you can hold...
Costco ( NASDAQ:COST ) missed Wall Street’s revenue expectations for its holiday quarter, despite reporting YOY sales growth and strong e-commerce gains.
NASDAQ:COST Shares fell about 4% in aftermarket trading on Thursday but the stock bounced and surged by about 1.6% in Premarket trading on Friday. The company’s stock had hit a 52-week high earlier in the...
Costco Completed a Harmonic Pattern
It is one of those stocks that since COVID-19 the price increased by nearly +130% and it keeps rising.
So far the price stopped at the pattern completion zone and probably it can wait in this zone for the Earnings report which will be released on 07-March-2024
I am not expecting the price to move down like a rocket
but from...
Costco About To Complete a Harmonic Pattern
Costco looks unstoppable since a long period of time.
It is one of those stocks that since Covid-19 the price increased by nearly +130% and it keeps rising.
At this moment I spotted this Bear Harmonic Pattern.
I am not expecting the price to move down like a rocket
but from this zone near 715 - 737 we can see any...
Price broke above from the bullish pattern supported by the Ichimoku cloud. I'm expecting the upside momentum to continue. First target around 700 USD.
Cost has moved to the breaking target, there is a profit taking signal in the weekly RSI, our job is to wait for the weekly candle to close below 683, we can consider selling Cost shares to the 2 targets below.
I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Costco share with a target price of 1024$
NASDAQ:COST
Costco Wholesale Corporation is one of the most successful companies in the US. Costco investors have seen a return of 453% over the past 10 years, while the S&P 500 has moved roughly 206% over the same period.
Despite the impact of inflation, Costco has continually offered lower prices relative to their competitors, yet their net margins are 2.65%,...
COST has one of the cleaner structures in the market and is a great long term ticker, as well as a shorter term speculative ticker. Ultimately, looking for a wave 4 of 3 pullback toward the .764 extension around 586, which is also heavily supported by the volume profile. Short term bearish / longer term bullish.
Hey folks
Back with my signature flag and pole. Not into using crazy indicators here but just pure tech analysis.
COST giving a weekly flag and pole with divergence on macd.
Wait for 8-9 weeks for the next earning season and see it pop. Feel free to checkout my previous ideas and see how they faired.
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Cheers
A
I recently posted about the potential to take advantage of seasonal weakness for $NASDAQ:COST. I'm embarrassed to say that I had lost track of them being overdue to offer a special dividend. Since 2015 they have offered a special dividend every 2-3 years.
Let's look at how the special dividend announcements have influenced sentiment and interacted with seasonal...
