COST
Costco slashing prices! COSTAbout to go through pivot level in what otherwise looks like a finished impulse. Picking conservative, fractally evident levels.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
COST, Bearish Quasimodo pattern is beautifully forming !COST is showing nicely a very popular price action Quasimodo pattern .
Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart.
Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last major decline in this zone. Moreover, Pull back to broken up trend line might be completed at mentioned Sell zone.
It is also worth to note, All indicators will be extremely overbought if COST can reach to shown sell zone.
As Quasimodo pattern has been proved to be of high probability success , we certainly keep COST in our short watch list but do not jump into trade blindly. As always we need a reversal trigger at sell zone to open our position . Take profit targets are also shown on the chart by green lines.
The reference of the inserted picture was shown on the chart . You can find many other pics and examples simply by googling " Quasimodo pattern ".
Good luck everybody.
2X $COST 1D Tech. Analysis!COSTCO IS A GREAT STOCK, but the price action is showing a cool off after this strong run up almost 40% from the May lows! The current bull trend is in a Huge rising Wedge, and also the overall chart is showing a head and shoulders formation in the making in the near future. Look to load up on puts at these 2 marked areas!
$COST Running to 550!-RECAPSo, I called this out 5-days ago in my channel.. $COST would rebound from our regression channel and run to at least $550. This isn't difficult, and trading should be simple... we have the greatest indicator ever created; and led to a $26 burst from $537 to $564. No, I do not have a crystal ball... I have Trendsi, and normal technical analysis; and I know that my Dashboard indicated a continuation from my money momentum moving up, my green middle bar, and a key ema cross over. There isn't a guarantee, but we get pretty close with this indicator; and what we post on TV is just the tip of the ice berg!
Ethereum CHAOS £100 Next?Ethereum cost drops lower as the current week's misfortune matches back the increases from a week ago.
ETH cost is set to proceed with its decay going into the following week.
With the mid-year, the money departure proceeds, and the ETH cost is in danger of falling toward £470.22.
Ethereum (ETH) cost is disappointing dealers attempting to focus on any break underneath £824.95 to get the cost activity and be important for a meeting that will swing them back to all-time highs into the following year. Nonetheless, that isn't how it works in exchanging, and positively not in cryptographic forms of money. Taking a gander at a week-after-week graph the £824.95 marker holds no significance and either needs a bob off $570 or a break above $1,404 before brokers can begin taking positions.
ETH cost holds 45% space to the drawback
Ethereum cost sees dealers consuming a ton of money to attempt to exchange around £824.95 to use as section level for a convention. Taking a gander at the more extensive time, it pays off to see and find that although it is a mental level, it holds no bearing at all. All things considered, it's smack in the center between £1158.69 for the potential gain and the disadvantage. With bulls consuming money, bears can undoubtedly neglect to move and watch cost activity drop further in their favor.ETH cost will tank further and could certainly still cover another 45% of space to the drawback before a huge essential level gets reached at £470.41. The new month-to-month S1 support level at £533.96 could currently be a sandbox where bears begin offloading and shutting their short positions. The message here is that bulls should make an effort not to impede the low steam roller that will crush any bull out of this endeavor to get the plunge instead of sitting tight for the bob. As currently referenced, bulls that need to be important for a more drawn-out term rally will rather need to trust that a solid bullish sign will arise. That could be conveyed once cost activity pops above £1158.69 and potentially break the red plummeting pattern line. With that move, the room gets up to £1393.07 in an underlying stage and next £1591.14, playing with £1650.56.
COSTCostco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline.
An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target.
Costco is a very strong company don't get it wrong. This is a stock i'd buy in my retirement account at nearly all support lvls below 480.
COST 39 PE consumer is cutting backMany of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
COST Costco the next TGT?TGT is down 25% after the earnings today.
Could COST be next?
if we look at the P/E ratio, TGT has a P/E of 15.58, while COST much higher, 39.87.
I wouldn`t be surprised to see a retracement of COST at the pre-pandemic level of $387.
Looking forward to read your opinion about it.