$COST to $500 by witching?Well, that was fast. Still a long way off the target region but feel free to take some profits from any PUTs purchased. I'll watch this solid company for a week and consider swinging it. We'll see.
I don't do advice.
COWC34 trade ideas
SWING for COST (costco) - LONGHello traders,
How are you?
It's Monday so we have to review our swing portfolio.
One of the trade for today is COST, long.
As always the long volume is now greater than short volume so we have a long trade.
Remember this is a weekly chart timeframe so this is a very slow trade.
Have a good week everyone
COSTCostco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline.
An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target.
Costco is a very strong company don't get it wrong. This is a stock i'd buy in my retirement account at nearly all support lvls below 480.
COST 39 PE consumer is cutting backMany of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
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
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
