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COSTCO WHOLESALECOSTCO WHOLESALECOSTCO WHOLESALE

COSTCO WHOLESALE

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COSTCO Strong buy opportunity on a 2-year old fractalPattern: Channel Up on 1W. Signal: Buy as the price broke above its Resistance (and November 2020 High), in a similar sequence as the April-May 2019 fractal. Even the RSI sequences are identical indicating that the price is breaking outside of this consolidation pattern. Target: Within the 1.5 - 2.0 Fibonacci extension zone (as in 2019). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract --------------------------------------------------------------------------------------------------------
NASDAQ:COSTLong
by TradingShot
2
COST broke out of a long term resistance. Can it hold?It's been a few days since COST broke out of the long term resistance of $389.58 that was forming since November 2020. The question now is, can it hold? Two reasons why I think it can. 1. It consolidated after a move higher and made a new 52 week high 2. Its expected to do well in the coming year. Now, looking at its past performance I think COST will come back to retest the $387.60 to $389.58 range before moving higher. The main reason why I think this is because the breakout didn't have a large amount of volume kicking it higher; and because the follow through also doesn't have a lot of volume. Final thought: COST did break and I think it'll continue to move higher but not before retesting the broken resistance. This is one to keep an eye on for sure.
NASDAQ:COSTLong
by HaseebKhan_90
3 U.S. Stocks That Appear Overextended To the UpsideThe following names appear overextended to the upside and may be due a retracement, creating a short term shorting opportunity. Nvidia - we recommended the name on radio at $527 on 16/03. It's since been a strong performer, closing at $762 on Wednesday. Note the bearish divergence as per the 7-day RSI. DocuSign Inc. - Over a 7-week period, the stock has advanced from $180 to $274. If $272 fails to hold then we could see a move back to the low $250s. Costco Wholesale Corp. - Trading near multi-month highs, the higher price (and 22 June breakout) is not being confirmed by a higher 7-day RSI i.e. bearish divergence. Failure to hold $389 should see a move down to ~$375. *Any failure to hold the prior day highs should be seen as an early signs of a slowdown in upside momentum.
NASDAQ:COST
by LD_Perspectives
COST Replay....So I doubled up on puts this morning on the gap down because options premium indicated 2.3% drop and closed the position on the initial drop. Nice wedge back to the old resistance, where I should've bought puts again, lol. Then back down where it belonged. Should've seen it coming, COST almost always finishes at the bottom when it drops on earnings, the notable exception being the last earnings which happened at the bottom when it was oversold. Also note the huge pump volume EOD yesterday and the red bars today after open and near close. Lots of people jumped into this for earnings expecting a breakout. Serves them right, lol. Could've just played this all day instead of screwing around with other stuff.
NASDAQ:COST
by hungry_hippo
action packed chart of COST; to the moon off earnings!Bullish inverse head and shoulders formation on the daily chart for Costco. Earnings around the corner with expectations of a huge beat. Costco has their membership fees/incentives to help protect margins as inflation becomes a factor in everything from supplies to freight. Earnings whispers are $2.44 a share with a consensus of at least $2.28/share. Stoch RSI compression repeated itself. The last time Stoch RSI compressed/consolidated right before earnings it went on a huge 18% run over the next 98 days, 27% over the next 186 days, and 22% by the next earnings report (196 days later). "History doesn't repeat itself but it often rhymes" I expect a similar breakout on earnings with this repeated pattern although price action has been terrible this earnings season even with beats & good guidance. COST could be the exception. Probably smartest to play it through options to risk less. www.earningswhispers.com
NASDAQ:COSTLong
by EBITDAtiger