COST daily470 area held, this demand zone look like a nice buy area keep it on your radar. Oversold defensive stock, good for portfolio diversification with the current economic environment.
COST
Another Money Shifts is about to happen in the market..!I would like to start this forecast with this Peter Lynch quote:
“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”
It means, the best traders are never right all the time, they make losses too. Focus on getting more trades right than wrong and you’ll be considered successful.
Having said that, If you want to increase your chance of success you need to evaluate the market situation, individual sectors and industires; and then find the best stocks with the highest chance of appreciation to go long and highest chance of depreciation to go short!
I monitored Waren Buffet's porfolio and Berkshire performance for a year and compared it with Nasdaq 100 and find out a possible top in BRK.A could be an early sign of the end of Nasdaq 100 correction..!
BRK.A vs NDX:
(Some times there is value in a comparing Apple and Oranges)
In my Dec 16, 2021 analysis (Editor's Pick) I mentioned:
Based on the pattern in the charts and the past 2 days of high volatility in the market, the most probable scenario could be a complex correction and a shift from tech stocks to Banks, Energy, and Telecommunications.
Please review the performance of these sectors in the past 3-4 weeks!
Now let's review the current situation:
Based on my current observation Value stocks started forming top patterns:
Example:
NASDAQ:COST
NYSE:UNH
NYSE:HD
NYSE:KO
NYSE:MCD
Berkshire owns all the aboe mentioned stocks except UNH!
Conclusion:
I think there is a good chance we see shift from value stocks to Tech stocks once again in the next one or two weeks which could push them up around 5%!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
ROTATION ? OR TRANSITION TO BEAR QQQ VS QQQE has started to show a very clear move out and is just stating to hit the Big mega caps names . I DO NOT have any sign of a bottom now ! the line in the sand is at 375.91 in the QQQ and I would think that we will see the QQQE breaking the neckline of its head and shoulder pattern that has formed .Cycles are neg now till late jan to early feb . One by one of the winning mega caps cost msft seem to have now formed a top and i look for downside to be picking up rather soon . have a good weekend and best of trades WAVETIMER
COSTNice uptrend since December, 21. Bullishly out of a minor downtrend. I expect it to enter 600s this year.
Costco ~ COSTCostco is a monster .. Looks like it wants 585-590 area where there will be some trendline resistance.
Wouldn't want to even short this thing near the top of the pattern iMO. Can reach 620 if it breaks that 590.
LIS 565 once above.
COST: Consolidation.Consolidation is broken upwards with the minimum target level around 408. The long-term resistance level around 386 is also broken upwards. Therefore, the long-term target can be around 465.
Costco May Witness A Big Jump After Earnings
Costco Wholesale COST is set to give its latest quarterly earnings report on Thursday after the closing bell, Costco will likely report an Earnings Per Share (EPS) of $2.61.
Costco bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
Last quarter the company beat EPS by $0.33, which was followed by a 3.31% increase in the share price the next day.
The stock is currently forming a potential continuation pattern (Symmetrical Triangle) to be confirmed by the violation of the $543.00 resistance point. After the pattern being confirmed supported by a probable earnings beant, the price will likely hit the pattern's minimum target around $572.00 point.
COST - 950 by July 2022Please see chart and curve line taking us to top of channel after the impulse move above middle channel.
COSTco is a winnerCostco made a classic buy the uptrend support on Friday. With that boost this looks really good and ready for breakout again for another big run. All indicators are bullish. If Monday holds that $550 support and breakout above $561 it will continue to run. High trend breaking ATH with RSI 66. Explosive, one of my favorite setups.
If you want a slow moving but will continuously go up stock, then Costco can’t be beat for long term hold either.
$COST
Like and follow for more, comment to discuss
$COST... another beautiful breakout...We sold premium into earnings on this one for about 90% profit!
COST breakoutI will be waiting for a break of $539.60
Good chances we retest ATH.
Market has been very volatile, keep that in mind.
COST - STOCKS - 26. OCT. 2021Welcome to our Weekly V2-Trade Setup ( COST ) !
-
4 HOUR
Closure above main sr level.
DAILY
Looking for more bullish pa
WEEKLY
Expecting another turnover
-
STOCK SETUP
BUY COST
ENTRY LEVEL @ 306.89
SL @ 299.28
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
W - 275+ BOUND - WAYFAIRAll,
I think W after latest crazy EPS should rebound out of this broadening descending wedge (very bullish pattern) almost a descending speed arc. I see at least $275 at this. This will be the 4th retest which is the one that breaks typically.
1000% EPS is no joke whatsoever. I think personally we see 190-220 in no time, but for now with the market the way it is I see $275 in reasonable/attainable timeframes.
COST - CostCo - PARABOLIC CURVE COMING TO AN END?Interesting to hear peoples thoughts on this. If you know what I am talking about it will become obvious that this arc might/could end soon. Hard to say with stocks like costco because of their obvious growth nature. In fact, might be more positive during these financial times using costco for bulk/saving money vs others. In general some studies show that parabolic arcs typically retrace 62%.
Of course CostCo is a great/money saving company. However, what goes up must come down. The best stocks/ BTC all do at some point. Any news or bad PR I could see COST getting demolished due to the parabolic nature on the monthly cart.
Let me know your thoughts.
PFE COST11.7.21 PFE COST accurate reversal at support for PFE Costco moves higher...time to take profit or some profit?
COST10.31.21 COST the lines and the tools suggest that Costco is at a reversal point although there is no sign of sellers yet. I am sorry for my in inability to articulate some of my points clearly. Here are some references so that you can do your own research: A: Force majeure is a contract clause that removes liability for catastrophic events, such as natural disasters and warfare. B: (from Google search) Your Bank Deposits are Unsecured Loans to the Bank and Subject to Confiscation C: ShadowStats :http://www.shadowstats.com/article/hyperinflation
Stellar up The mission of the Stellar Development Foundation is to create fair and balanced access to the global financial system. The new launch will support the network’s mission by connecting Stellar-based businesses to develop an efficient and cost-effective Pan African payments system.
Also, TEMPO CEO Suren Ayriyan expressed his excitement about the partnership with Flutterwave to provide services to Africa. He emphasized that its customers across Europe will now be able to easily send funds to Africa. Consumers can send money to their loved ones or conduct businesses in a faster and cheaper manner. Speaking further, Ayriyan noted that the money transfer company hopes to continuously collaborate with Stellar. According to the CEO, TEMPO hopes to provide cheap, secure, and swift global money transfers to its new and existing customers.
COST DEFYING ODDS!!!!Costco just will not stop man!!!!!
Just imagine entering above 393 4 months ago. It's up almost 100 points.
#COST got on my radar when it was trading around the 360 area. I made money on it here and there but honestly, I remember awhile back I wanted to enter above 420 for 440 calls long term and neveeeerrr did!!
Needless to say I missed out on a ton of profit with Costco. Even at an entry at 420, I still could have managed out a 65 point move. Totally missed the majority of my entries. Oh well, live to trade another day.
Here on the weekly, #COST is breaking AGAIN with MOMENTUM!! The Daily is a bit overextended for me to feel comfortable with a Swing right now, being that I missed the entry. I will be watching for some type of correction or retest on the Daily timeframe around 470 before I decide to play it.
But COST has proven to be an absolute beast in its sector hands down.
These 10 stocks just cleared the cloud out of 100+ stockswww.tradingview.com
This is the Watch List for all 10.
They all have cleared the cloud and closed Green. Some have the potential to dip to find support. However , some like this one MP looks ready from right here. All have Green Clouds that are moving up. Some however have some deep slopes of previous Red Clouds that they just worked there way through. I marked every stock on where I found it crossing out of the cloud. This way we can track its movements from the point of interest to better tailor what to expect once it pops the cloud.
AMZN
GOOG
NFLX
COST
BBY
SPOT
MP
OCGN
XPOA
TWTR
I love Costco but I will short it!Not and advice this is just for fun guys. Do not chase the money do it for fun :)
Covered DIP Buying - An economic sleight of handSo, I have some coins I bought in the big dip, that have remained underwater since this latest dip. It has been annoying me.
Like many others, I don't like selling for a loss. But it's such dead capital, and it seems they are a little too high to regain their old levels any time soon, so they just sit there annoying me.
I could DCA, but that is quite frankly a sunk cost fallacy problem and I think they are both pretty overvalued. I only like to DCA on undervalued stuff, because you are improving your deal even further.
But anyway, while the crypto market is 20-30% down across the board I thought I'd finally get out of these two (OMG and ETH).
Simple sleight of hand at a new bottom if you have a little bit of spare capital.
Re-buy the same AMOUNT (quantity) of the coin at the new bottom price.
You have got a DCA if you so choose OR wait until the market recovers a bit and sell the more expensive pile after it recovers a certain amount.
Voila, it is as if you sold out of your position during a big dump, and bought into the bottom again, but slightly less stressful.
To be clear through example.
I bought 0.06 Eth at 2100 EUR for 126 eur a month or so back.
I just bought 0.06 at 1580 EUR for 94.8 eur yesterday
I would expect to easily be able to resell (my 0.06) for at least 2000 USD, or about 1750 USD, or 105 eur.
This is the inverse of selling on the way down and buying back in at the bottom.
(Bought 0.06 at 126 euro, sold at 1750 euro for 105 eur, and then bought the bottom for 94.8 ... thus winning 10 euro)
To be honest, I mainly want to get my shit off of Uphold because it is expensive and useless, but this seemed a useful mental trick.
COSTCO Strong buy opportunity on a 2-year old fractalPattern: Channel Up on 1W.
Signal: Buy as the price broke above its Resistance (and November 2020 High), in a similar sequence as the April-May 2019 fractal. Even the RSI sequences are identical indicating that the price is breaking outside of this consolidation pattern.
Target: Within the 1.5 - 2.0 Fibonacci extension zone (as in 2019).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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