NASDAQ:COST is putting amazing November. It has ended 10 of the last 10 Novembers higher with an average return of 5.5%. And it has ended 18 of the last 20 higher, with one of the down years being the great recession.
Observe the repeated behavior within the primary uptrend on the weekly timeframe. We have a primary uptrend channel with a series of...
HI guys. This is an analysis thread to assess the technical developments found in Costco. I will layout some general findings on the macro scale, then update as new developments proceed in the technicals for COST. The purpose is to provide unbiased TA opinions, where i give both bearish or bullish cases depending on facts in charts to help make informed...
In the last five years, shares of Costco Wholesale (COST -0.19%) have made for a wonderful investment, climbing 149%. This gain is much better than the broader market indices. But the stock is still 11% off its peak price (as of Oct. 27).
There is a lot to like about this company. Those looking to buy shares right now need to spend some time understanding more...
Struggling to break above 2021 ATH. Bearish divergence on the oscillators on both the weekly and daily timeframe, below the trendline. Probably better shorts available in the market but if economic picture deteriorates could be a long way down.
Inverse Head and Shoulders formed on Costco Wholesale.
The price broke above and is now retracing to a conservative level. Once it tests, we then need a strong move up.
Now the reason I'd wait for the retest is because American indices are showing further downside to come and it might create this sideways consolidation range following the breakout....
Costco Wholesale Corporation is testing the R1 level (571.65) for the third day straight on a nicely balanced bullish 1D technical outlook (RSI = 60.287, MACD = 2.930, ADX = 22.559). Since the dominant pattern thus far is a Channel Up, if the 1D candle closes over the R1 level, traders should regard it as a bullish breakout opportunity, targeting the R2 level (TP...
Top line is flat and bottom line slopes up.
Neutral until broken.
Targets for Triangles can be estimated using the wide end of the triangle and projecting it for the point of the break be it up or down as the pattern is neutral until broken.
It is easier to estimate a break up as the top line of this triangle is flat.
It is a crap shoot to estimate the point of...
COSTCO has a history of trading against the market. Often when the market is down, COST is up, and vice-versa. Consider this a divergence making for a better entry.
COST is bumping up against well know support pre/post inflation at around $540.
May same store sales are due out tomorrow afternoon, 7/6/2023 at 1:15pm PDT.
Based on COSTCO's mid-month mark downs of...
Costco has formed a Bearish Butterfly that lines up with the 0.786 retrace and is testing the zone for the second time with PPO Bearish Confirmation Arrows on both tests, PPO Bearish Divergence, and MACD Hidden Bearish Divergence. This looks like it could be setting up to revisit the lower half of the range.
Costco Wholesale Corporation (symbol ‘COST’) share price rose by 6% in the quarter ended on 31/08/2023 in a rather steady bullish momentum. The company’s earnings report for the fiscal quarter ending August 2023 is expected to be released on Tuesday 26th of September, after market close. The consensus EPS is $4.71, up from $4.20 in the same quarter last year....
COST show a relatively high level of large-scale triangular
This chart shows the weekly candle chart of Costco's stocks over the past year. The top to bottom golden section at the beginning of 2022 is superimposed in the figure. As shown in the figure, Costco's stock peaked in April 2022, plummeted, and began to strengthen in May 2022, showing a relatively...
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...
AT A GLANCE
Simplistic Analysis: swing back to the trendline.
Earnings Anticipations: positive surprises for EPS & Revenues.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
COSTCO daily seems to be forming Inverse Head and Shoulder Pattern.
I think we either base at 555 or 550 at the minimum to complete the right shoulder and head towards 570.
Costco reports Earnings on 26th September.
Inverse H&S valid as long as we hold 550 on the daily. If we lose 550, cut the trade and will re-enter again if it goes above 550.
Costco Wholesale Corporation (symbol ‘COST’) share price rose by 6% in the quarter ended on 31/08/2023 in a rather steady bullish momentum. The company’s earnings report for the fiscal quarter ending August 2023 is expected to be released on Tuesday 26th of September, after market close. The consensus EPS is $4.71, up from $4.20 in the same quarter last year....
I'm sharing a more in-depth update to my Costco post earlier this month. NASDAQ:COST is a top holding that I like to keep a close eye on. 1-2 times a year, we can find decent opportunities to use swing trades to accumulate and I think that we have two of those opportunities in front of us right now. We've got an immediate setup with clear chart pattern and a...
