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
COST trade ideas
House of flying daggers
Burst warehouse, forget the whole world; Once rich, forget the past.
Scary bookmakers think scary is the worst.
The k line, like the heart wire.
Sometimes, you fight to get the benefits, after all, found that it is not yours.
The whole of winning is the story of other people's homes.
A god who earns millions has his own divine prediction, whether he wins or loses.
There are six kinds of people in the world: buying before thinking, thinking while buying before buying, thinking before buying, and not thinking after buying.
Don't buy it. Don't buy it.
Lying god, most afraid of a good memory single.
Buy, burst, miserable, dare not say, cheated, the best opportunity, and wasted
Time...... A series of helpless painful course arrived tomorrow still face does not change color, to the person fierce blow
This behavior is called "pretend pussy"!
Think more for fluke, the opportunity of deficit is less. The same goes for people.
You must be a good person to write articles and deal with details like that, haha.
$COST Key Levels, Analysis & Targets$COST Key Levels, Analysis & Targets
I have to be sentimental with COST. I didn’t analyze it differently… the MA’s just are what they are…
But I think that COST is an efficient company. I think they deserve their market value. I do think it will fall a little bit, but this company is strong. I’d hold.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
COST - Possible head and shoulders forming into a falling wedgeIt looks like COST is making a H&S. Price might fall into the wedge, and then moon after that. Could go to the Fib around $362. People will horde Costco when SHTF, but look at what happened during C19 crisis when the toilet paper ran out. The oil crisis could put constraints on trucking and suppliers being able to fulfill orders. My gut was telling me to sell at $560, but I got too high on euphoria. We have passed complacency and are now at the anxiety / denial phase of this market cycle.
Costco shoppers:
- Boomers
- Families
- Gold-diggers
- Kooks
Costco Makes a Lower HighCostco ran to new highs in late December, but this year it’s been under pressure.
The warehouse retailer slid 11 percent in January – its sharpest monthly drop since December 2018. It then retraced about half the decline to make a lower high last week. Notice how the high not only consisted of an abandoned shooting-star candlestick. It also occurred at the 50-day simple moving average (SMA).
Speaking of the 50-day SMA, this chart includes our custom script Moving Average Speed highlighting its direction and rate of change. The last time it fell like this a year ago, COST had a deeper retest.
Given that history and the stock’s healthy gains in later 2021, some traders may view the recent price action as the start of an ABC correction. Will they also focus on the October low around $440 as the next likely support?
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COST dead cat bounce nearing the endCOST bounced nicely off oversold zone but now seems to be stalling. Volume profile at 527 is proving difficult to get past. Level to watch is a close below 514. Will quickly see it retest its breakout zone at 495. Will have to wait to see what it does at 495 if we get there.
$COST - Staples 2/10Costco is the 2022 top pick representing 2.3% of the portfolio. Not a lot of faith in the staples sector for sure with it representing such a small part of the 2022 top pick portfolio. The only concern I have is if it hit that gap above and then started trend lower. Another concern would be a double top but there would be nice profits secured if that happened anyways. Costco has been a beast these last couple years and its e-commerce trend is still favorable. I like it.
On my long/calls watchlist if we bounce here ✅cost holding above recent trend resistance even after the most recent dump, also looking like a double bottom bounce off a recent monthly candle.
this could be the short term bottom for COST, look for a move back to highs if it bounces here.
like and follow for more 💘
COST 1/11/2022Costco the heavyweight. One of the stocks that holds up NASDAQ
Daily Chart analysis
COST has been and a long-term uptrend since 2010 – 2011.
Price is current just below 50ema . It has also found support around area 514.
Today it looks like we will be finishing the day with a dragonfly doji at support.
Stochastic is also in oversold status
I will be looking to enter long and swing trade to 560.
Entry: 518.70
Stoploss: 500
Target: 560