COST trending WILL it hit all time higher and continue trending, adx is strong, and there are some nice trend-lines beneath the stock. Longby atrdes2
$COST Over-extended on Weekly Chart$COST Costco looking over-extended on the weekly chart, appears to be holding within the upward channel limits. Valuation getting a little rich compared to industry average (P/E almost 50% > industry average). Assuming this trend line holds, Costco could be overdue for a correction back to the area of the 50d ema or ~$190 by next ER (Oct). Note: Observation/opinion, not investment advice.Shortby Triple_Barrel_Capital1
COSTCO Bullish Breakout Bullish breakout from flag and resistance. expected price action is bullish resumptions up trendLongby flavisam0
COSTCO shortStocks have had these setups, plenty of them these weekend. I have highlighted those with large possible pip moves... the Netflix move I estimate a 12K move over the next 2 to 3 weeks. So the same with Costco here, very large move.Shortby KeTrader0
Nice breakout move on CostcoAfter a long consolidation move towards the downside, this one finally broke out to a directional upside above the major moving averages (good to see).Longby finvizclub3
COST LONGLong play on COST Daily chart - Coiling nicely - Notes on chartLongby vectra-tradesUpdated 3
COST setting up for a 30pt moveC&H on daily and an IHS in the handle breaking out. Measured move of ~$30Longby random.trader3
COST Daily Bullish bat patternIt's been a while since I posted COST idea last time as it didn't really give any great daily set-up. In terms of this daily bat, the pivot isn't the perfect one as it didn't make new high afterwards, so a nice reversal sign near 178 is necessary for this trade! I like to turn to retail consumers sector when it comes to market fluctuation, it won't hurt as much when the market pulls back and it can follow the market's rally. Let's see how it goes!Longby Trader_Joe_Lee4
COST at top of trend channel COST Is trading at the top end of a channel which has developed over recent weeks. Although it's not apparent long term on this chart (no Trading View stock data on a monthly level long term?), it's also trending at the top of a long term channel. The wave chart appears to have completed a correction at about 183.00 , and is currently at the top side of the first rise. I expect an imminent correction back to the 187.00 level (approx), before a rise to 197.00 area.Shortby Montecarlorbust0
$COST Head and shoulders setting up?$COST on the intra day charts is setting up what appears to be a head and shoulders pattern. The measured move would take price back to short term support. My stop loss for the short will be the 190 breakout level. Will be watching for nasdaq weakness in the days to come to initiate the trade. Thanks for viewing and enjoy!Shortby Moto_Trades110
Costco: Another Recent Breakout Long Entry - Up 13% in 16 DaysThis stock chart shows a breakout above the Blue Indicator Resistance line. In my book this is a breakout and I went long on November 24, 2017. Position is profitable, because I already sold 1/2 of it, and my stop is above entry. This means it is virtually impossible for me to loose money on this trade. Longby mastercharts0
COST potential weekly reversal?Based on the past weekly pattern, COST maybe due to for a pull back after earnings this Thurs. I am looking for a either a reversal for a push above the old high and reverse around 191, or just a fail after the earnings announcement. Anyway, it would be interesting to watch. But if the stock stays above the 188 to 191 zone, I would back off.by jamespwu0
October 5 Earnings: Costco- Will eCommerce Ware Off Competition?Costco reports on Thursday, October 5th after the closing bell. Heading into earnings, the company has a fairly straight forward R/R portfolio: - Costco enjoys being a major retailer in the US with a wide array of products in multiple markets. - The company's eCommerce capabilities are picking up steam and contributing meaningfully to revenue. eCommerce global expansion is aiding sales growth. - Costco's membership club is expanding and drawing in customers in the US and globally. - The overall market is a fierce competitive one, with giants like Wal-Mart $WMT and Target $TGT, among others, fighting for every consumer. - Consumer spending, although picking up from highs, remains at a sluggish growth rate, hurting industry prospects. I believe the pros will outweigh the cons for the expected quarter and Costco will beat expectations. Starting Costco with a $178.00 Price Target for the post-earnings price action. Longby TraderDanERUpdated 6