Overall industry breakdown makes COST a potential candidate for short. In the technical side it is rolling over from a double top and broke Upward trend. Money-flow is heading down. We think it can decline to 140 area.
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NASDAQ:COST
05JUN16 - Entry criteria:
1. Short Position - If we get confirming bearish candlestick formations at the stop of the channel supporting by weak market performance over the week, potential to enter short and ride to $137.
2. Long Position - Potential to trade this long if a breakout forms out from the downward price channel and a base of support...
- Weekly Elder Impulse system turn green from red
- Daily Elder Impulse system not red
- Divergence in both weekly & daily
- Enter @147.9 (close to low end of earning gap)
- SL @146.17 (below middle bollinger band)
- TP @152.68 (previous resistance)
For all practical purposes, this quarter's earnings season is all but over.
However, there is one last play I might do and that is in COST, which announces earnings on Tuesday after market close.
Currently, it's implied volatility rank is 58 and its implied volatility is 26. Generally speaking, I like to see the rank in the 70% percentile, and this isn't quite...
After reporting a better than expected earning, price of Costco accelerate almost touching the channel top again.
One weekly chart, it finished as a high spin wave, essentially means that bulls & bears are equally puzzle where the price will go.
Immediately, the price might want to break the long term channel top (green), any false breakout that is rejected at...
Happy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year...
Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore...
I'll just stick to the technicals on this one. So its really quite simple after breaking above 140/141 resistance price continued on to the -1.27 Extension of the 132 / 141 Range it was consolidating within. So I'll be looking for evidence of bidders re-entering the stock at the retracement to previous resistance turned support at 140 / 141. In equities I am a...
Using the square root system we can define the COST cycle as 12 days. qe can count 12 days from the top. Also, we may see the uptrend and the moving averages uprising. This situation draws my attention, we had the fast moving average crossing above the slower one and the slowest acting as support to the prices. my Stop is really short and my target is long. We do...
COST had been a great trending stock for quite some time - particularly through 2011-2013.
But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation.
The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars...
