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COSTCO WHOLESALECOSTCO WHOLESALECOSTCO WHOLESALE

COSTCO WHOLESALE

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CTO trade ideas

Dec Earnings could be last strawBig diamond top forming- Either 1. We continue this bullish momentum until we hit top right of diamond (around 533-540 range) beginning of November 1a. From here we go down (495-500ish), bounce and go back up and break out of the diamond 1b. We go down (495-500) consolidate at the end of the diamond and fall at earnings 2. We go down to the bottom of the diamond one last time around $474 then continue on up to the top right diamond trendline (533-540) 2a. From here we go down (495-500ish), bounce and go back up and break out of the diamond 2b. We go down (495-500) consolidate at the end of the diamond and fall at earnings 3. less than stellar October earnings of the overall market drag us down and out of the diamond early causing a nice big crash, but Costco December earnings help put us on new bullish reversal momentum.
NASDAQ:COSTShort
by cbenedetto10
Costco slashing prices! COSTAbout to go through pivot level in what otherwise looks like a finished impulse. Picking conservative, fractally evident levels. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:COSTShort
by Rykin_Capital
COST, Bearish Quasimodo pattern is beautifully forming !COST is showing nicely a very popular price action Quasimodo pattern . Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart. Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last major decline in this zone. Moreover, Pull back to broken up trend line might be completed at mentioned Sell zone. It is also worth to note, All indicators will be extremely overbought if COST can reach to shown sell zone. As Quasimodo pattern has been proved to be of high probability success , we certainly keep COST in our short watch list but do not jump into trade blindly. As always we need a reversal trigger at sell zone to open our position . Take profit targets are also shown on the chart by green lines. The reference of the inserted picture was shown on the chart . You can find many other pics and examples simply by googling " Quasimodo pattern ". Good luck everybody.
NASDAQ:COST
by SaeedSajedi
27
Alternate Bat/BearishStocks with a lot of gains can fall prey to profit taking when the selling gets goin. Cost has been hanging in there for a long time. Are stocks with the most gains destined to lose the most if a severe downturn were to happen? I do not know, but I suppose stocks with the most gains have the most buyers inside them. Buyers can become sellers, so it remains to be seen. There are a few Rising Wedges under price that are not valid until the bottom trendline is broken. COST's most recent leg hit the high in an almost identical candle pattern, as the high before the double top with the question mark on it. No telling with this one. Also a crooked W. If this leg, the 4th leg, is complete, price would have landed at the 1.113 of XA. Valley 2 is higher than valley 1. No recommendation. This may be a long and drawn out ride.
NASDAQ:COSTShort
by lauralea
COSTCO STRONG SELLCostco appears to be forming a huge H&S on weekly. While I hadn't really paid much attention to Costco I did see it mentioned yesterday which caused me to take a look. Want to note that Costco has performed strong relative to the market and that's why I like it for a short. This recent rally over the past couple of months is leaving a lot of meat on the bone for a short IMO. As you can see the past couple years have been quite the run up. Unfortunately if we are going into a bear market even the best performing stocks are liable to pull back significantly. I think we are a long way from ATHs and I expect to Costco to at least hit the first three targets within the coming months. Taking some profits today on some other shorter swing shorts and hopeful Monday Costco opens green so I that I can begin scaling in a position. Thoughts? Disagree? Feedback welcomed and appreciated! NOT FINANCIAL ADVISE ALL MY OPINION
NASDAQ:COSTShort
by EZmoney24