COST: Earning Plays! GO LONGNASDAQ:COST
Ownership: None
Description:
I'm a major fan of Costco, even though I'm a Sam's Club Subscriber personally. I'm comfortable saying go LONG on $COST, as they've been an amazing player in the Pandemic. Their membership program is expected to jump drastically.
I fully expect my DOA sniper to fire on Monday, though I am concerned that the current price is below 9/21/50 EMA we're still above 200 EMA which is great news.
This is an Earnings Swing play, as always play earnings CAREFULLY as it's ONLY a 50% chance to hit.
"SAFE" PLAY: 02OCT21 342.5/345C (Debit Spread) 38% POP
"RISK-ier" PLAY: 02OCT21 350/355C (Debit Spread)27% POP
"RISK-est" PLAY: 25SEP21 340C (Single Leg) 29% POP
I would stay very Risk Managed as Earnings have been kind of crazy the last month.
Let me know in the comments if you interested in seeing some Credit Spreads Ideas. Way riskier of assignment, but WAY higher POP every time!
COST
Cost - head and shoulders pattern played out, ER run up?Friday, We closed below the pivot point and 50 sma. Bullish note - backtested the previous breakout point from July 10-30 consolidation area. The next level of support is $321.12. On Friday, over 7000 $340 calls were bought. 5% implied earning move, play the run up to ER. Good Luck!
Bitcoin - Buying Level GuidePersonally, I've held Bitcoin throughout the entire bear-market, so I'm in no rush to buy more. However, seeing as we're at a critical juncture right now regarding BTCUSD, it doesn't hurt to have a plan in mind for when next to dollar-cost-average or buy aggressively.
The chart shows where I believe bitcoin could go in the coming months, and I've indicated where my buy-points would be. I would buy at those points to maximise my upside potential. However, since bitcoin bull-runs are long and endless, it is best to combine this strategy with a regular DCA strategy.
Bitcoin - DCA Guide (Dollar Cost Averaging)I've found that the Bollinger Bands that I use for investing in the stock market, also do work well for Bitcoin on the weekly chart.
In addition to just regular dollar-cost-averaging (DCAing), you can also purchase BTCUSD aggressively when the RSI falls below 40 and/or price goes below the lower Bollinger Band.
I do not however recommend taking profit at the upper Bollinger Band. This is because when Bitcoin again goes on it's raging-bull / moon-run rampage, it will disrespect both the upper Bollinger Band, and the RSI.
This strategy is best used as a companion to regular DCA methodology.
Note: Disregard the strategy performance chart below, as the Bollinger Robot is not tuned to buying crypto - so there are insufficient orders for the performance chart to show.
COST BUY OR LONG , TARGET UP TO $357 COST confirms the asymmetrical triangle pattern at $ 321, currently has a bit of resistance and confirms further strength
if it breaks above $ 331, however the confirmation price is bought at $ 321 - $ 325, I was Long.
COST buy : $325 - $326
COST target : $357 +-2
Stop loss : $315
Wish you good deals!
$TGT RUN! ($WMT $COST )see full chart at www.tradingview.com
TGT
Entry $117.84
Target $122
stoploss $116
Why this play?
TGT had an amazing ER last quarter and a strong forecast ahead. They are a strong company with an amazing website, easy to order and trendy.
this company performed really well during Corona and i wouldn't be surprise to see them hit ATH again.
Target Q1 Comparable Sales Grew 10.8%, Digital Comparable Sales Grew 141%
First quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips.
Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent, accounting for 9.9 percentage points of Target's comparable sales growth.
Digital comparable sales accelerated every month in the quarter, from 33 percent in February to 282 percent in April.
Stores fulfilled nearly 80 percent of Target's first-quarter digital sales.
Same-day services (Order Pick Up, Drive Up and Shipt) grew 278 percent and accounted for approximately 5 percentage points of total Company comparable sales growth.
What is TGT
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home decor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Cafe, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com.
Bitcoin ChinaI have updated the values of the bitcoin production cost indicator for the Chinese province of Sichuan (35% of hashrate share) where the cost of electric current does not exceed 1 cent per kilowatt hour. For a miner located in this Chinese province the cost to produce a whole bitcoin does not exceed 4000 dollars, this price falls within the support area of my kama bands on the monthly chart.
I believe that if this fall there will be a second wave of the virus combined with a new lockdown there could be panic in the markets again. Personally, I'm going to increase my bullish position by buying in the $2,500 / $4,000 price range.
$MNS breakout to new ATHs Great ER forecast catalyst$MNST beverage co. hit ATHs this AM then sold off into the afternoon. Stock moves slow but steady. Monster should be in line to report a terrific quarter with monthly sales #'s at all time highs and CFO said they are in line for highest profit quarter in their company history. Positive technical signals w the MACD crossover to positive, above all MAs, volume increasing as earnings approach. Stock has been consolidating for some time but has made a nice move up lately. Another consumer discretionary/consumer staple stock that could be late to the party like a $WMT and $COST too. Think this can hit 80+ with a ER crush and they do have the greatest returns out of any public company traded on the NYSE in the past 20 years! $MNST Monster Beverages kills it.
Triple Bottom or Inverted H&S?I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S.
The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears).
A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.
The formation of triple bottom is seen as an opportunity to enter a bullish position.
The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels.
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline. The dark Blue line on the chart represents the neckline.
Costco (COST) Buy trade, stop below DAILY 200 MAThis is a very nice risk/reward trade as the price could potentially hit the target and then also break out the ascending triangle for even greater profits.
The stop just below the 200 day MA and the loss of the trend-line is a clear stop and a tight stop
Long Term UpdateThe situation hasn't changed much since the last update apart from the halving that brought the average cost of mining 1 btc to $13500, it's an average world value but it means that at the moment few miners are at profit. Considering the minimum possible value of the CBEI index the cost to mine a single bitcoin drop to 7400$. Few miners are at profit at the moment, for more info about the CBEI go to www.cbeci.org
Should We Fill Our Oversized Cart 🛒 With COST? | COSTCO ($COST)🔥🛒🔥 Costco's fundamentals have us thinking about buying enough COST to feed a family of 8... but do we really need all this COST now?
While the trend looks good, Costco isn't as cut and dry as some other COVID impacted stocks. Still, we expect revenue and earnings to be up again since last quarter and we expect people getting back to life after COVID to choose Costco. This should ultimately give COST a boost, and that has us looking at some levels for bulls who want to buy COST like a way too big tub of dip.
First, before we look for lower levels, we need to be aware of R1. R1 is currently acting as resistance but should flip and act as support if and when COST can break above it.
Below we have S1 - S3 for support. S1 is the first place to look for support if the broader market pulls COST down, if earnings are underwhelming, or if we generally see consolidation before a move up for any reason. S2 - S3 are levels to watch if S1 can't hold.
Our general theory on COST can be seen in the chart. We are looking for similar price action here that was seen back in 2018 - 2019, that is a move up, consolidation, and another move up to new highs. We expect COST to continue its uptrend ultimately, and that means we are looking for a pullback to S1 or S2.
Lastly, while there is more support below, a move below S3 could make COST a much less attractive prospect for the bulls.
The bottomline here is this, we are bullish on Costco and expect earnings to be impressive, but we want to look for longs after a correction or after we break above current ATH's, not at as we consolidate under resistance.
Resource: www.earningswhispers.com + www.foxbusiness.com
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Good luck traders!
This will be the most brutal Bitcoin Halving in history.Production cost is about to double to $14,000.
70% above the current price.
Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%.
Bitcoin Production Cost script just updated with the latest data:
- CBECI electrical data as at 11 May 2020
- Now uses 2 week rolling data for finer granularity (while balancing TradingView load time).
- Uses 4c/kWh (lower end of CBECI and Coinshares global average Mining electrical cost estimates).
Without FOMO now (large price appreciation over next week), expect a big miner capitulation: 30%+ reduction in Hash Rates.