$COST disappointed me today...Not a good way to start the week, we'll see if there are buyers at $300...
COST trade ideas
Who loves COSTCO? Support at 0.236 retracement. RSI in oversold territory. High volume entering on March 5.
bought some $COST at today's 9have been averaging down $COST. Although I still have hedges in place in case of a big crash.
CostCo Breaks Long-Term Trend but Support Is Near at 300Mixed results last night have accelerated the downtrend for CostCo and the stock has broken the long-term trend to the downside.
Support is likely at $300 which is also the 100d-EMA
If it breaks that, then its a long way down to intercept the old pre-2018 trend.
Costco RSI weekly goes back to 40 soonit could take a long time but at some point, RSI 40 weekly is going to be touched
that means it can loose 50% during a recession and still be very bullish historicaly
Pull Back Fishing - Head and ShouldersHow low will she go?
Looks to be extreme selling pressure and has broken bottom bollinger band with MA set at 80. Perhaps the sellers will become exhausted soon.
COST appears to have formed a head and shoulders several weeks ago and has suffered a large decline in the aftermath.
COST has met targets one on the short side which is unusual in a bull market. (see chart for targets 1 and 2). WMT is following the same pattern.
As a rule, head and shoulder patterns do not perform well in a bull market. Inverse head and shoulder perform well in a bull market. The opposite or vice versa, is true in a bear market.
Deeply oversold on RSI.
Watching only and not a recommendation
$COST strong fundamental company at a good price to buyA favorite of Charlie Munger. I agree with him on the point that $COST does have more trust from their customers than $AMZN or $TGT or $WMT
They won't have crazy growth like $AMZN did, but surely will they keep creeping higher. If you want to add on the TD Combo 13 and TD Sequential 13 it ain't a bad idea.
COSTCO WHOLESALE CORPORATION - SWING TRADING LEVELS
Price is at a critical level. It may break to either side.
BUY Targets: 344, 363, 380.
SELL Targets: 306, 293, 281.
Use appropriate quantity and risk-reward ratio.
Always use a stop loss.
Always risk a maximum of 1-2% of your capital.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
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.
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.
