COSTDouble top currently formed, holding onto support. Would love to see a bounce on Costco. Long term portfolio would love to see this break lower.
Costco
Watching $COST at daily lin reg supportMonitoring $COST for swing entries off 1D linear regression support.
Costco looking toppishCostco has reached its upper channel and is in a parabolic move. Seems due for at least a pulback towards the bottom of its rising channel.
COSTCO - Looking very strongRefer chart mark up - looking very strong - in case if fall from here have strong area of support.
If you like try to accumulate from that area.
Let me know your thoughts.
Eve & Adam Double Bottom confirmation on Costco ($COST)Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021.
Today, the price is within 10 points of the all-time high. I'll be looking over the coming weeks to see what happens next, and for possible positions. From here, I see one of two likely outcomes over the near term:
A) COST breaks out above the previous high and likely has a forcible move to the upside, or...
B) COST gets rejected from the current levels in the near term and has a pullback to somewhere around $520
In the case of A , I'll be looking to short either with a PUT spread, or potentially straight up long PUTs - which have a greater risk/reward but are enticing considering the macro picture of the broader market/economy as a whole. In the case of B , I'd shop for a long position with some kind of CALL spread.
The statistics indicate that track B has about a 2/3 chance of playing out. This could be even more advantageous because it could potentially offer both decent long and short opportunities over the next few months. We'll have to see where the chips fall.
COST BEAR FLAGCOST has been chopping up and down in this clear bear flag trend.
It's only a matter of times before it revisits its lows imo.
See my "SPY DANGER" chart to see why I'm so bearish on stocks in the coming weeks. I explain everything in detail over there.
Looking for a break to the downside in the coming week and a half below the green support line.
Targets: 483 --> 470 (prior lows in February and January respectively). Below that.... well idc.
Play: COST 03/25/22 495/490p spreads at 0.5 at time of this writing. If ITM, these will go to 4.5 (9x).
I fully expect that to happen :)
NFA.
Don't go all in you chumps.
Good luck traders :)
Costco going for discounts. COSTGoals 485, 468, 440.
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. 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
COSTCO - COSTUpdate here on Costco, looking to become heavy buyer towards the 390-446 range. Weekly looks like it’ll break down further from here based off technicals.
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.
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.
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.
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
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COMING END OF THE BULLMARKET for COSTCOI am moving to a net short COSTCO USING PUTS AT THE MONEY AT a 85 % net short now . WAVE structure has wave 1 and 5 being equal and wave 3 extended LOOK for a very large decline min .236
COSTCO TIME TO BUY AGAIN 4th wave triangle IT SEEMS THAT RETAIL IS GOING TO RUN .We have just ended a nice but tight abcde triangle I moved to calls for jan this morning open as we also hit the trendline
COSTCO THE MOST DAYS DOWN IN OVER 6 MONTHS BUY OR BREAKDOWN Costco COST has now the most days down in a row since the UPTREND began which I post a major low at march low . THE markets all will be rolling over after the last wave up is nearing The CARES money runs out and inflation will then cause a rather slowdown due to an increase to ALL as the FREE MONEY COMES TO AN END !
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).
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Cost - consolidating for next push ?Cost consolidating well near weekly SZ with higher lows , showing more buyers so far , looking good for next weekend 390c swing trade
COSTCO - Is this a bottom?With the recent bottom testing on the SPX500USD
How does this affect COSTCO's recent massive correction?
This could be a great entry point!
Use trend line for stop loss!
And remember to track index. If SPX500USD sells more, then costco could go down more.
Another recovery play post covid Costco just released a strong earning report which proved once again its business model could transcend good and bad time.
If we looked back at the last three years, we could easily observe Costco shares often time dropped the week before earning release, and bounced right back up after. It happened in 2018, 2019 and just now before the earning last week.
Together with the negative sentiments, costco share priced did drop below its uptrend line for a moment, but it managed to climb back above before the weekend, and lets assume its uptrend would continue esp with the recovery play in front of us.
I do not now have a position in Costco but I am looking forward to start a position at 337 (10MA), with its recent low $313 as cut loss and looking for at least an upside target of $390, which gives us a decent 2x of risk reward ratio.
