COSTIchimoku R is near 510 and would be the bullish target
Now rejecting at yellow trendline that used to act as some support
380 PT
COSTCL trade ideas
Bull FlagPrice hit resistance and formed a Dark Cloud Cover candle pattern after breaking the top trendline of the flag.
Today's red candle has pierced to the 50% level of the prior green candle which indicates price opened higher today than the close of the green candle, but so far, the bulls are having issues hanging on.
There looks to have been a Bullish Crab pattern that took this down to the 1.618 of the impulse wave up. This is a price exhaustion pattern and a move to the upside is usually prompt when the crab hits the 1.618.
The longer term moving averages do not looks good but the shorter term averages in the alligator are trying to point up and cross over.
Price is over the 20 but underneath the 50, 100 and 200 simple, daily moving averages.
Tough market and may be a choppy one for some time to come. The resistance overhead is causing many bullish patterns to fail. In order for COST to reach targets posted, a break of the resistance will need to occur.
The gap down has been filled and may serve as support.
No recommendation.
Roughly $478 the floor for Costco?I've kept an eye on stocks such as Costco ($COST) ever since the pandemic. Now, with the U.S. economy sputtering and likely already in a recession (based on the definition) I believe low-price, big-box retailers could be a strong bet.
Looking at the trendlines (this is my first time publishing, so be gentle), it looks to me like Costco should hold at or around $478.
I sold off my shares before the dip really began. But, I'm thinking about buying back in and staying long through the recession.
Any thoughts?
Still like $COSTCost could finish the 1-2-2u on the week. Atr can move it close to the target, keeping in mind that broadening formation. Depends on what tomorrow looks like. If not, inside 4hr can be an early move for the 1-2-2d rev strat on the day.
Costco Targeting HVN & Equality TestIn this update we review the recent price action in Costco and identify the next high probability trading opportunity and price objectives to target
COST ShortWithout a recession a lot has been discounted in the market already, but I would not fight the Fed and the tape when both are working against against me. We are likely getting close to a trading low, but it may take more selling to get there. Another pilot short
REVIEW $COSTBearish
Fundamental
- Negative P/FCF
- Negative PEG
- Mid industry group
TA
- Momentum divergence
- Price below neck line
- Break of channel
Momentum divergence is worth taking note. First sign of weakness or strength !
costco shorts update. Costco has been my no 1 performing stock in the last 3 months . took sell from 603. now Cost has completed an impulse drop down.
i expect a correction. the current correction does not seem complete yet . in my view. a corrective leg should have a 3 wave correction. However am bearish and would sell any rally .
I don't even need to draw anything. The candle does the job!huge red candle. Costco probably hit by the bad earnings of Target
COST Costco the next TGT?TGT is down 25% after the earnings today.
Could COST be next?
if we look at the P/E ratio, TGT has a P/E of 15.58, while COST much higher, 39.87.
I wouldn`t be surprised to see a retracement of COST at the pre-pandemic level of $387.
Looking forward to read your opinion about it.
HUGE gap to fill to the upside $COSTLooking forward to this bounce on $COST - although quite expensive
$COST to $500 by witching?If it breaks that trend I'll be looking for a drop, maybe time for long PUTs at that point? Costco is strong and doing well though; watching it. Also, don't trust Willy with time-based charts, I should take that off.
I don't do advice.
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.
Watching $COST at daily lin reg supportMonitoring $COST for swing entries off 1D linear regression support.
costo sell updatetook some short positions from 603. costco is performing as expected.wld continue to look for more short opportunities.
costco analysis- signalI think this share will come down a little almost to 575 and the it will go up to around 645.
so you can open your buy position at 570-585 and your stop loss is 520 and tp being 640-650.
good luck
Alternative Bat/WThe bearish Alternative Bat should land close to the 1.113 fib level.
The last leg of a BAT should land around the .886.
The Bearish version looks like a crooked W and the Bullish version looks like a crooked M. In the bearish version, valley 2 is higher than valley 1.
The W was preceded by what appears to be a Bullish Cypher which should terminate close to the .786. Peak 2 is higher than peak 1 in both the Bullish Cypher and the Bullish Shark.
Steep rise on weekly so lots of buyers in this one.
Percentages listed are possible pull back targets and are percentages of the entire trend up from a low of 307. High is 612.27. 3 year low is 223.05.
Long term DMAs still in sync with an uptrend. The Alligator which is comprised on shorter term moving averages is just now trying to point down.
Many are very bullish on COST and short percent is very low and is less than 1%.
No recommendation. I am watching this one for a much deeper pull back.
COST weekly Wolfe Wave Bearish 4/21A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
COST bounce play or swing calls. Day traders and swing traders. Use this key lvl as a guidance to your money printer.
We are in for a pullback! 📉Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 5.1
It means if you risk here 100$ you may make 510$ Not bad, huh?
