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COSTCO WHOLESALECOSTCO WHOLESALECOSTCO WHOLESALE

COSTCO WHOLESALE

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CTO trade ideas

Double TopIt looks like a double top occurred after COST met the 100% mark for the triangle. There is also a RSI Divergence at the Double top. Price does not match RSI. There are other indicators folks use to spot Divergences. Earnings late September. Dark Cloud Cover candle pattern which is bearish so far today. Dark Cloud Cover is a candlestick pattern that shows a shift in momentum to the downside following a price rise. The pattern is composed of a bearish candle that higher than the previous session but then closes below the midpoint of the prior bullish candle. Dark Cloud Cover can morph in to an bearish engulfing candle if much more selling occurs today. No recommendation
NASDAQ:COST
by lauralea
3
COST the retailing warehouse chain LONGCOST had lackluster earnings two months ago and is due for another report in late September, Despite the earnings miss, COST immediately uptrended as if traders and investors were expecting far worse. Since June 1st, COST has been in an ascending parallel channel bounded by the dynamic support and resistance of the first and second VWAP standard deviation lines above the mean as anchored to a date before the earnings. The MACD is currently showing bearish divergence while COST is at the upper resistance in the channel. As a result I will place a short trade on COST here with a stop loss above that red dynamic resistance line. Upon managing the trade, I will close and reopen the trade long when price meets the lower support blue VWAP line and is likely to reverse.
NASDAQ:COSTShort
by AwesomeAvani
$COST Breaking Out?I posted this chart on May 3, 2023, and said that it could go either way. Looks now like the market is taking it up and out of this wedge. Earnings are past so it is safe to make a move without too much volatility, IMO. I will look to go long on this into today’s close if it holds near its daily high (40 minutes to go). I will have my stop just below today’s low. I have a link at the bottom to the last post on 5/3. Ideas, not investing / trading advice. Thanks for looking. Constructive comments welcome.
NASDAQ:COSTLong
by jaxdog
6
COST - Rising Trend Channel [MID TERM]🔹COST is in a rising trend channel in the medium long term. 🔹COST has broken a resistance level in the short term and given a positive signal for the short-term trading range. 🔹COST has support at 486 and resistance at 523. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:COSTLong
by wavepoint99
COST Costco Wholesale Corporation Options Ahead Of EarningsIf you haven`t sold COST Costco Wholesale Corporation here: Then Analyzing the options chain of COST Costco prior to the earnings report this week, I would consider purchasing the 495usd strike price Calls with an expiration date of 2023-5-26, for a premium of approximately $9.00 If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:COSTLong
by TopgOptions
$COST: Strategy, Patterns, and ProjectionsNASDAQ:COST is a core position for me. It's a fundamentally strong company: • The company has a favorable track record of earnings beats, including yesterday's call. • It has a 15% five-year average return on capital. • There has been a consistent five-year trend of growth in both revenue and earnings. • The earnings have been consistently favorable. • Over the past five years, they have been reducing their debt. • Their free cash flow is good, but the ratio of FCF to enterprise value is a little lower than I would like. Additionally, the FCF has been somewhat inconsistent over the past five years. • The five-year average dividend growth is 12%, with 18 consecutive years of dividend increases. Over the past year, I have been accumulating within this pattern. Although I am not typically a pattern trader, this is a company that I follow closely and the pattern is fairly clear. Triangles are strong trading patterns that reach targets 67% of the time. However, they typically work best with small caps and in rising markets. The price can break in either direction. Projections are placed at the breakout area and are based on the vertical distance between the initial reversal points in the triangle. If the price breaks lower, it could fill the gap in volume between $390-450. $390 is a firm area of support. If it breaks high, a retest of the prior all-time high at $610 is a reasonable target, with the next likely overhead resistance at $650. I'm unclear whether the movement in late April was a breakout followed by a throwback to the cradle, or whether the symmetry of the movement is still within the pattern. I plan to make an entry now and another entry upon confirmation of a breakout higher. If the move fails and breaks lower, my stop will be at $440 with re-accumulation closer to $400.
NASDAQ:COSTLong
by Ben_1148x2
COST Earnings COSTCO earning tonight, just noticed it's in a HUGE pennant. Could potentially be a big movement, though the formation isn't complete so maybe it just hits the upper line? One thing I like about COST is that they have employees checking he entrance and exit, no shrinkage (theft) problems for them. No position, but I'd be inclined to go long not short. Good luck to the longs. Only issue with the stock is that PE is 35, which is high for a retailer. Growth is gonna slow down which might cause it to break downward out of the pennant eventually, but I don't think it happens tomorrow
NASDAQ:COST
by hungry_hippo