Don't miss this opportunityThe long-term view on $COST is that it's a fundamentally solid company. The opportunity to buy this at a -3 SD in a channel going back to 2019 where the stock has never dropped below -2 SD should not be slept on.
CTO trade ideas
Costco Wholesale (COST)Wait for the next earnings on 4th March. COST will raise the minimum wage for its workers to $16 an hour stating next week.
COST LONG ENTRY - SHOPPING FOR LOW LOW PRICESBullish Shark Harmonic Pattern coinciding with horizontal S/R. COST is way over sold imo, this thing is due for a relief bounce. It blew threw the 886, the nest target is the 1.13. Be watching for a bull div going into the PCZ (1.13).
Waiting confirmation. waiting game on!Price is inside weekly demand zone. so i'm waiting for 1hr confirmation personally!
once 345.40 is broken then we going back to Mars
no confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
COST over 361.61Finding a lot of wedges recently. Retail has been strong recently, this can make a nice swing for a break to the upside of this wedge.
Head and ShouldersHead and shoulders patterns have a tough time meeting downward targets in a Bull market..they do best in bear markets..but...
I do not like negative charts..especially when I know lots love and are in this stock. It is a strong stock and I am sure it will recover when the time is right..I could have put the neckline at 359.50 but was cutting COST some slack and this is a bull market..for now
COST is also in a channel down and a falling wedge which can be bullish if price breaks upper trendline which is around 358ish. Just be safe..
Not a recommendation
COST - Looking for a reversal soonCOST has been retracing from a recent run-up. Indicators are starting to point to being oversold and are slightly curling up. It is also approaching the 200 day which is conventionally at an LVN of the volume profile. If it reaches that point and bounces that will be my trigger to go long. Will keep an eye on it in case it decides to reverse earlier or not at all.
COST breakout setupCOST is getting pretty tight in this falling wedge while remaining within the range. I think a big move is coming into March earnings.
COSTCO TIME TO BUY AGAIN I have just went net long calls in costco for june look for this sector to start up now
$COST | Bullish Falling Wedge Breakout Costco broke out of a falling wedge. I expect this to push higher to 360 with a break above 357.8.
Goodluck!
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
Head and ShouldersIn this market, this may or may not break the blue neckline. The neckline is strong support as long as price is over it..This pattern is a H&S top, opposite of an inverse head and shoulder that is bullish. Both have a neckline but on the inverse H&S, the neckline is resistance..
If it does be safe..
Strong stock and so far the support there is holding. The pattern is not valid unless neckline is broken. (blue line)
The handle low from a previous cup and handle pattern appears to be holding as support..
Not a recommendation
Emotions are not tangible, I can not touch an emotion. Yet emotions build patterns and influence supply and demand in a big way.
Right now, the market would have me believe the uptrend will never end. I look around me and turn on the news when I can stomach it, and it looks like the economy is breaking apart and sinking like the Titanic.
The market is never wrong though, so it has to be me..just be safe out there
$COST | Bullish Channel: Watch For A Breakout$COST is trading within a bullish descending channel. Watch for a breakout.
Target 1: $365
Target 2: $369
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
COSTCO (Long Term) Buying Opportunity COSTCO WHOLESALE,
- Market cap of 150+ B
- In my opinion, this is a great long-term old, one company with rising sales in eCommerce and in physical stores.
- In the past few weeks the price of NASDAQ:COST had a correction of 10%.
- The RSI is almost oversold on the daily.
- MACD showing exhaustion of selling on the daily.
- 50 SMA about to get hit
- Price about to hit weekly support of 350$
- Parallel channel about to get it
$COST - optionsGrabbing call options to play the second set up that signals I can make some easy gains
Last calls purchased I made
* 34% in 30 min (dec 28th)
* then 15% in 1 day (dec 29 - 30th)
It's ready again for some short plays with reasonable gains
