COST trade ideas

WinnerTrader99 Updated 

Bearish

Option_Traders

COST closed right on daily trendline. Calls over the HOD, puts underneath.

Eunoia

Channel...

CryptoMaing Updated 

Is this it for Costco? - consolidation for several weeks/months is what I'm expecting.

HishamF

In one hand, its seems like its in an ascending wedge; accumulation is occurring more. However, a clear triple top can be seen, and bearish MACD divergence is clearly seen. 297 seems like a great value/low-risk area, but if a triple top is confirmed, we could see it dip to 270.

cghursh Updated 

Im looking at the channel break as possible fake out move and once back into the channel could run to the upper edge of the channel.

SwingFisher Updated 

Long on breakout of ascending triangle. TP height of triangle. Entry 307.44 Exit 298.56 TP 334 26.56/8.88 = 2.87R

iamdeepak

COST Ascending wedge

cghursh

Added extension targets...again, would be great to see a monthly break and close above prior highs

cghursh

Cup and Handle. Great name. I'd like to see a break above $307.34 and a monthly close above that level. That would get me more excited for an eventual extended move higher.

Bullishcharts

Entry level $309 = Target price $332 = Stop loss $301.60 Costco has been bashing against the $304 level for some time and today could be the day the breakout comes. Indicators are bullish and in reversal .

AcornWealthCorp

Trading Room November 14,2019 Time: 01:13:25" Entry: $307.45 Target: $335 stop loaa: $198.27

potatox

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danbeaulieu

This one will be short and sweet. Bullish if we stay above the white trend-line. On balance volume is the indicator I look to to gauge trend strength, it looks pretty strong at this level. I will note the double top, but I don't think its a brick wall. I will also note the slight RSI divergence, which is typically a hint to bulls that the ride is nearing its end....

AIQ_Systems

Looks to be diverging down some from the double top. Picked up some 290 puts that expire November 15 for 25c.

pardis

as always it's a breakout of a trend line in an uptrend ,buying opportunity

Taras_Loboda

If there will be one more level break, i will go short, partly fixing the position on the way down.

krismerful

Not enough money to open this position but would set entries, SL, TP here