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.
Leave a comment and a subscribe for more ideas
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...
Despite market Volatility NASDAQ:COST is exhibiting a bullish bias based on the following indicators:
Price Momentum
COST is trading near the top of its 52-week range and above its 200-day simple moving average.
NASDAQ:COST is trading above all of its moving Averages indicating a Bullish Bias.
NASDAQ:COST 50-day Moving Average is above the 200-day moving...
NASDAQ:COST is a core holding of mine and one that I use technical analysis to continue building. I've reported multiple setups to build a cost position and recently shared the strong seasonal outlook for November.
We have earnings after the close on 12/14, a quad withing on 12/15, and a history of seasonal weakness between December and March. I'll take this...
Shares in Costco Wholesale Corp (symbol ‘COST’) reached 18-month highs in the last fortnight amid ongoing strong sales. Recent general positivity in stock markets comes mainly from the likelihood that the Federal Reserve has reached its terminal rate for this cycle and might start to pivot from the second quarter of next year.
Costco’s earnings report for the...
This is a "copper condor" not an iron one.
Creating 2 debit spreads that one pays off well IF COST gaps nicely and breakout out of this triangle in a nice fashion?!?!
Despite the negative news, market has its own mind. Its been only going higher.
COSTCO seems to have ran out of gas, and shorts may be taking over soon. The idea is to get in as early as possible, and get out when the rest start to jump in.
Shorting COST to the $530 area. Since risk management is key, and COSTCO is an expensive stock, Iam going to purchase a...
