$COST | Bullish Channel: Watch For A Breakout$COST is trading within a bullish descending channel. Watch for a breakout.
Target 1: $365
Target 2: $369
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
COST trade ideas
COSTCO (Long Term) Buying Opportunity COSTCO WHOLESALE,
- Market cap of 150+ B
- In my opinion, this is a great long-term old, one company with rising sales in eCommerce and in physical stores.
- In the past few weeks the price of NASDAQ:COST had a correction of 10%.
- The RSI is almost oversold on the daily.
- MACD showing exhaustion of selling on the daily.
- 50 SMA about to get hit
- Price about to hit weekly support of 350$
- 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
I just Closed This Trade Due To bearish TK Cross The blue line crossed below the red one which means I should close the trade as it can mean the end of the uptrend and can reenter the cloud and go all the way down to the 340 range and even lower
$COST - to $372Could break up or down. Watching for confirmation. Major resistance at $372, technicals look good.
It's decision time, which way will it go?
COST breakout from falling wedge?COST has a beautiful falling wedge and I am looking for a break up of the trendline as well as 365.76. I have highlighted two potential paths there in pink and orange. This projection will be invalidated if it falls out of the wedge. 357.14 is a very key level to see a bounce as a break of that support likely means this projection has been invalidated. Time frame is looking to be no more than one week, though it could extend slightly beyond.
Costco long until Q1 2021 earnings reportBest time of the year for Costco, also online services growth this year could generate a nice surprise in Q1 2021. resting now on the 100 MM on the daily.
Costco potential rise Indicators show that Costco is currently under brought and MACD agrees. I’m only new to this, so criticise if I’m wrong.
Predicting a bullish price action on COSTI expect a bullish and strong price action for COST in the upcoming weeks based on:
1. The price seems to have reached the lower end of the rising channel and expected to bounce soon.
2. CMF seems to have found a floor and expected to rise soon.
