COST breakout setupCOST is getting pretty tight in this falling wedge while remaining within the range. I think a big move is coming into March earnings.
COST trade ideas
COSTCO TIME TO BUY AGAIN I have just went net long calls in costco for june look for this sector to start up now
$COST | Bullish Falling Wedge Breakout Costco broke out of a falling wedge. I expect this to push higher to 360 with a break above 357.8.
Goodluck!
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
Head and ShouldersIn this market, this may or may not break the blue neckline. The neckline is strong support as long as price is over it..This pattern is a H&S top, opposite of an inverse head and shoulder that is bullish. Both have a neckline but on the inverse H&S, the neckline is resistance..
If it does be safe..
Strong stock and so far the support there is holding. The pattern is not valid unless neckline is broken. (blue line)
The handle low from a previous cup and handle pattern appears to be holding as support..
Not a recommendation
Emotions are not tangible, I can not touch an emotion. Yet emotions build patterns and influence supply and demand in a big way.
Right now, the market would have me believe the uptrend will never end. I look around me and turn on the news when I can stomach it, and it looks like the economy is breaking apart and sinking like the Titanic.
The market is never wrong though, so it has to be me..just be safe out there
$COST | Bullish Channel: Watch For A Breakout$COST is trading within a bullish descending channel. Watch for a breakout.
Target 1: $365
Target 2: $369
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
COSTCO (Long Term) Buying Opportunity COSTCO WHOLESALE,
- Market cap of 150+ B
- In my opinion, this is a great long-term old, one company with rising sales in eCommerce and in physical stores.
- In the past few weeks the price of NASDAQ:COST had a correction of 10%.
- The RSI is almost oversold on the daily.
- MACD showing exhaustion of selling on the daily.
- 50 SMA about to get hit
- Price about to hit weekly support of 350$
- Parallel channel about to get it
$COST - optionsGrabbing call options to play the second set up that signals I can make some easy gains
Last calls purchased I made
* 34% in 30 min (dec 28th)
* then 15% in 1 day (dec 29 - 30th)
It's ready again for some short plays with reasonable gains
COST-2.525*WMT $COST Costco Wholesale Corp vs. $WMT Walmart IncQuantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Long 1000 $COST
Short 2525 $WMT
Mean Reversion Time: 12 Trading Days
$COST | Bullish Channel: Watch for a breakoutWatch for a breakout of the bullish channel for longs. See my previous $COST analysis here:
COST 4hr FIB levels4hr Fib levels on Costco. No position as of now. Watching for entry Monday 01/11.
Simple moving average/trendline support!trend channel has been acting as strong support for a while now here fot costco! long 375 with stop loss 355, target 400 on the next leg up! very sold trend and probably has a good payout. goodluck :D
$COST Costco Bullish among the weak.
Bullish move above the 50ma showing relative strength in a bloody market.
Alert set for move above Fin Golden pocket at $382.
Targets $387.77 Hourly candle resistance
$391 Monthly candle
Volume impressive,
MACD bullish crossover
Histogram positive
RSI crossed Mid-point
