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Costco

COSTCO: Watch this buy breakout level leading to All Time HighsCostco 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 = 612.00) which is the stocks ATH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COST
by InvestingScope
1
COST show a relatively high level of large-scale triangularCOST 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 high level of large-scale triangular fluctuations and consolidation overall! The stock of Costco Company was suppressed by the top to bottom golden ratio of 1.382 at its high points in July and September this year. Therefore, in the future, this position can be used as the watershed for judging its strength!
NASDAQ:COST
by Think_More
COST Costco Wholesale Corporation Options Ahead of EarningsIf 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 profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:COSTShort
by TopgOptions
COST Costco Wholesale Corporation Options Ahead Of EarningsIf you haven`t sold COST Costco Wholesale Corporation here: Then Analyzing the options chain of COST Costco prior to the earnings report this week, I would consider purchasing the 495usd strike price Calls with an expiration date of 2023-5-26, for a premium of approximately $9.00 If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:COSTLong
by TopgOptions
COST WCA - Awaiting a Breakout from SymmetryCompany: Costco Wholesale Corporation Ticker: COST Exchange: NASDAQ Sector: Consumer Defensive Introduction: Greetings and thank you for taking the time to read my analysis. Today, we delve into the weekly chart of Costco Wholesale Corporation (COST) which has been forming a symmetrical triangle pattern for the past 12.88 months. This pattern is typically a sign of market indecision, and we're anticipating a breakout soon. Symmetrical Triangle Pattern: A symmetrical triangle is a chart pattern in technical analysis used by traders to predict future price movements. It is formed when the price of an asset consolidates between converging trendlines that slope towards each other, creating a triangular shape. The pattern is characterized by lower highs and higher lows, indicating a tightening price range as the market reaches a point of equilibrium between buying and selling pressure. In this case, we have 5 clear touch points on the upper trendline and 3 on the lower trendline. Analysis: Costco's price is currently above the 200 EMA, and given the clear uptrend preceding the triangle, we are inclined to see this symmetrical triangle as a bullish continuation pattern. However, the inherent indecision signaled by the symmetrical triangle means we should hold off on calculating a price target until a definite breakout occurs. Moreover, a breakout must occur soon, as the closer we get to the triangle's apex, the weaker the effect of the breakout. This makes COST a high-priority watchlist candidate that should produce a result soon, regardless of the direction it takes. Conclusion: The Costco Wholesale Corporation weekly chart analysis points towards a symmetrical triangle pattern, indicating market indecision and a potential breakout soon. Traders should closely monitor this chart for signs of a breakout. Remember, this analysis is not financial advice. Always conduct your own research when investing and consider risk management and proper position sizing when trading based on chart patterns. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
NASDAQ:COST
by KarimSubhieh
Buying Costco at a discount. COSTTriangle/Three drives within an upgoing zigzag. We more often now base stop loss off a moving ATR, as testing had shown this to be a more effective strategy than mere price levels alone. Yet, ATR is not always an option. 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 green 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.
NASDAQ:COSTLong
by Rykin_Capital
AAPL: LAST MAN STANDING / FIB / PREDICTION / MASSIVE CHANNELDESCRIPTION: In the chart above I have provided a detailed MACRO analysis of AAPL laid out in its MASSIVE MONTHLY CHANNEL of 180 - 123.75 that has been held since DECEMBER 2020. Out of 8 massive US market movers AAPL was the only one to hold a positive position at market close on Feb 3. IMPORTANT LIST OF US MARKET MOVERS: AAPLE, COSTCO, NVIDIA, FACEBOOK, ALIBABA, AMAZON, GOOGLE, AMD POINTS: 1. Deviation of 6.25 DICTATES SUPPLY & DEMAND POCKET PLACEMENT. 2. Dotted orange vertical lines represent a months time. 3. EMA'S: 45 (BLUE), 100 (YELLOW), 200 (RED). 4. Green dotted vertical lines represent top for AAPL top. 5. Optimal Target: 161.25 6. Notice EMA movement where current placement would signify price action has plenty to give to the upside. RSI: Common Range for RSI to linger between 50 - 70 despite somewhat overbought territory. MACD: Notice current uptrend of buying to selling pressure and not the similar trajectory and angle. MACD has yet to ride trend before drop occurs which is highlighted by sphere. SCENARIO #1: In a BULLISH scenario price action lingers around 155 SUPPORT and we see sideways action OR we see a sudden drop in the coming days but bounce 148.75 SUPPORT without losing upward momentum and confirming a continuation of upward momentum and confirming current setup. SCENARIO #2: In a BEARISH scenario price action 148.75 & continues with strong downward momentum to 145 and beyond that break uptrend and invalidate setup. FULL CHART LINK: www.tradingview.com NASDAQ:AAPL
NASDAQ:AAPL
by DGSTBROKERACC
COST - Who doesn't love costco?Costco is probably one of my favorite places to shop and I think the stock price over the last 14 years has proven that to be the case for a lot of people. The main issue I have with buying this stock is valuation and growth of the company. I don't see how they will be able to grow fast enough to support a 35+ PE ratio. Taking the fib from the 08 lows to the 2022 highs, we get targets around 395, 327, and 258 for the 38.2, 50.0, and 61.8 retracement levels. If you think about it, 258 from a valuation perspective only starts to make the stock a reasonable price at about a PE of 20 assuming 13.23 EPS. It looks beautiful from a long term trend perspective and I think it has many more years to grow, but I wouldn't touch it unless it was 308 or less purely from a fundamental perspective. Might look to short this one this year. This is not financial advice. Good Luck!
NASDAQ:COSTShort
by ChrisPtaco_32
1
COSTCO - BEARISH SCENARIOCostco is set to report its fiscal first-quarter earnings Thursday after the market close. The company experienced cooling sales in November as shoppers spend more cautiously amid news of increasing layoffs and stubbornly high inflation. Also, In the near-term future, Costco may face margin pressure from elevated supply chain costs (retailers have been receiving inventory earlier than expected), greater promotional activity, and higher wages. The short-term expectations are for a breakout of the triangle and a target of $ 450. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:COSTShort
by legacyFXofficial