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COST trade ideas

COST Round upCOST has all the support of its moving averages, (13ema, 30ema, 50sma), that will help push it up to the top of the range to 325. This is forming a rounding pattern as well. Which will also turn into a double bottom once it reaches resistance with a potential breakout. This trade i'll exit at 325 and wait for confirmation of a breakout, at that point i'll reenter. COST is also a relative strength stock compared to the rest of market and has been unaffected by corona virus.
NASDAQ:COSTLong
by BBTrader29
1
COST Doomsday prep?It has been a wild week so far on the market, with price swings up and down. Cryptocurrency seems to have a correlation with the US market, following the market. This is due to cryptocurrencies youth. In this post I want to see the share price of Costco will increase as demand increases with the current corona virus outbreak. The chart doesn't look great in the short-medium term with a double top and a strong horizontal resistance formed, however long term this would be a great entry point.
NASDAQ:COST
by Bixley
$COST looks set for a breakout$COST showed strength last Friday when market was selling off and it looks primed to break all-time high resistance of 314.28. The stock has been accumulating heavily since last earnings and has broken out of the consolidation range of 290-300 recently. Investors are looking to add to value names due to current market sentiment and stocks like COST, WMT, etc. fit the criteria especially since they are household names and have been lagging spy. I'm looking for COST to break resistance this week and possibly run to 325+ leading to ER.
NASDAQ:COSTLong
by Unraveller
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!
NASDAQ:COSTLong
by TradeDayOnline