COST - Don't do this close to earnings report unless...I don't recommend taking a trade days before earnings report unless you're sure what you're doing. In this case the buyers are stopping out the sellers at the 292.50 level, you can see the previous hammer candle and the more recent gap up. Does it mean anything though especially after the report comes out? LONG - COST SL: 290.58 (Suggested by our algorithmic system) TP: 303.51 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bullish OBV divergence detected 2. Accum/dist indicator still looks positive CAUTION: Support trendline was broken ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red Arrow Line: Bearish Divergence Purple Vertical Line: Suggested Stoploss by our algorithmic system Green Vertical Line: Suggested Stoploss by our algorithmic system Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7) Please trade responsibly and good luck!Longby TradeDayOnlineUpdated 3
$CIST - long, 1-year parallel channel trend bounceNASDAQ:COST - long for a quick $5-8 pop, good risk/reward IMHOLongby crasher3
Double inside weekly candlesBeen patiently waiting on this one, not sure which way it goes but just follow it, big move comingby Option_Traders4
$cost oversoldOversold territory for a stock like Costco. Another falling wedge. Bullish divergence on RSI. Increasing Volume. Might see a dip to 291 first, but this will see ATH soonLongby Matewan3291Updated 4
Weekly inside candle on 20smaIf this breaks over last weeks high, Im thinking it can make a new ATH. 305c for Jan 17 closed around 1.20, will try those. Puts under trendline. by Option_Traders225
LONG COST - retesting the lower TLSL would be below the TL. Weekly made inside week.Longby iamdeepak2
COST Regression analysisPresence of a rising wedge, broadening ascending wedge, Costco has been on a massive bull run. Rounded top also present which may be indicative of a bearish move, but with the strong rising channel and regression trend of 0.92 (strong regression trend according to Pearson's R value) the chart appears definitely more bullish rather than bearish.by Bixley10
$COST ~ COSTCO~ SHORT SETUP USING PUT SPREAD~ #OptionsTradingMETHOD: Short COSTCO {price at entry ~ 292} via: +2 VERTICAL COST 100 (Weeklys) 27 DEC 19 300/292.5 PUT @5.00 ; Trading @ low IV after the earnings dump; Decay helps if price < 294; Sold high extrinsic put to buy high intrinsic put STRATEGIES: Using COST day chart: The 20/50 Mean looks set to make a big pink cloud after a long chart runup. The Fisher Transform line signaling a continuation short. The last earnings bailing of stock price turned out to last a few days. TACTICS: The plan in terms of stock price: STOP is price > 295 (MUST OBEY, Upside down R:R trade) TGT1 288 to scale; TGT2 286.25 to exit (NO EARLY EXIT, Upside down R:R trade) Consider scaling as pink cloud becomes large We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose. Will update in comments, B3 d^.^bShortby HammondB3Updated 6
Weekly trendlinetesting weekly trendline, if it holds, good for calls, if not putsby Option_Traders114
$COST 300-305 POST Earnings Here is my analysis for $COST for the upcoming few days. Longby Dylan6figures116
Similar to year ago, -15% during 2 weeksCOST seems parabolic now. Hard to believe repeating history but there are some similarities with 2018 december earnings. With negative surprise COST can drop 15% during 2 weeks. But good news that 250§per share is good entry point! Shortby heix2
Where is COST headedSome have asked about shorting this one. For now its still and ascending triangle. You can either try calls off this support or wait to short on the bounce back up or at the trendline crack. by Option_TradersUpdated 0
COST Weekly EQWeekly EQ on watch. 12/12/2019 is earnings and that could fuel the bulls or the bears to break this pattern. by DerekTradeEZ4
$COST Looks Poised to Move Higher@Costco - rising trend channel support, ascending triangle support, already broke out & retested 161.8 Fib. I am still targeting $338. $COST On a side note, still impossible for me to find parking at my Costco. Always packed.Longby FibLines4
$COST / CostcoI waiting for price to hit this trend line. Beautiful stock, $COST is one of my favorites to trade when it pulls back.Longby Brendan_324