Costco ascending wedge bearishLooks like a blow off top here! I give it from here to $250 as the tap out point for longers. Costco ascending wedge is bearish Price is on resistance of ascending wedge Price candle body far outside daily upper bollinger band Shortby PontusTraderPublished 113
Stalking for a crash. Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :) In this screencast I run through several superhot equities on the monthly time frame. The higher time frames are often the cause of surprises for people' on 15min - 1H time frames. Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of nervousness. I suspect - not predict that something big is coming. 08:28by Captain_WalkerPublished 0
Costco's got a bull flag on the 15 min chartWait for a candle to close above the flag, then i'm long. Longby gingerheadtraderPublished 0
COST Bull FlagNoticed a flag appearing on COSTCO and entered position on bounce and break. target at around 133-134 are but no current limit. Used more of an entry for long term EPS generally growing and PE is also getting higher but at a much lower pace. Stop is low due to the nature of getting into the position. If it were to go that low from entry then I expect the market has changed for the position and sentiment would turn more bearish. Keeping on position for time being to find any blatant exit signals.Longby Natebetz1Updated 1
Bearish AB=CDWell measured bearish AB=CD pattern with bearish divergence. Shortby jlb17ww2Published 4
COST - ShortSomeone shared this chart and caught my attention. I do agree with his formation and see an upcoming drop. I started a pos with $220 PUT 10/19, 8.78 avg. May add more into my position since this can continue to go up until mid-August - worst case scenario. Shortby TradeAlchemyPublished 111
Short COST on throw-overThis 120m chart of COST shows a pattern that I trade frequently - the ending diagonal. It is a setup that, when identified correctly, can result in sharp moves lower as the stock breaks out of its impulsive sequence. I recently placed a similar trade on INTC that is working well. As COST grinds higher in a converging wedge, it looks to have "thrown-over" trendline resistance. This is common in ending diagonals as price makes one final push before breaking lower through the bottom of the channel. Initiating a short position at 207.50 for a move back toward 180. A sustained rally through 215 will cause me to reevaluate the trade.Shortby UnknownUnicorn182749Published 2
COST trending WILL it hit all time higher and continue trending, adx is strong, and there are some nice trend-lines beneath the stock. Longby atrdesPublished 2
$COST Over-extended on Weekly Chart$COST Costco looking over-extended on the weekly chart, appears to be holding within the upward channel limits. Valuation getting a little rich compared to industry average (P/E almost 50% > industry average). Assuming this trend line holds, Costco could be overdue for a correction back to the area of the 50d ema or ~$190 by next ER (Oct). Note: Observation/opinion, not investment advice.Shortby Triple_Barrel_CapitalPublished 1
COSTCO Bullish Breakout Bullish breakout from flag and resistance. expected price action is bullish resumptions up trendLongby flavisamPublished 0
COSTCO shortStocks have had these setups, plenty of them these weekend. I have highlighted those with large possible pip moves... the Netflix move I estimate a 12K move over the next 2 to 3 weeks. So the same with Costco here, very large move.Shortby KeTraderPublished 0
Nice breakout move on CostcoAfter a long consolidation move towards the downside, this one finally broke out to a directional upside above the major moving averages (good to see).Longby finvizclubPublished 3
COST LONGLong play on COST Daily chart - Coiling nicely - Notes on chartLongby vectra-tradesUpdated 3
COST setting up for a 30pt moveC&H on daily and an IHS in the handle breaking out. Measured move of ~$30Longby random.traderPublished 3
COST Daily Bullish bat patternIt's been a while since I posted COST idea last time as it didn't really give any great daily set-up. In terms of this daily bat, the pivot isn't the perfect one as it didn't make new high afterwards, so a nice reversal sign near 178 is necessary for this trade! I like to turn to retail consumers sector when it comes to market fluctuation, it won't hurt as much when the market pulls back and it can follow the market's rally. Let's see how it goes!Longby Trader_Joe_LeePublished 4
COST at top of trend channel COST Is trading at the top end of a channel which has developed over recent weeks. Although it's not apparent long term on this chart (no Trading View stock data on a monthly level long term?), it's also trending at the top of a long term channel. The wave chart appears to have completed a correction at about 183.00 , and is currently at the top side of the first rise. I expect an imminent correction back to the 187.00 level (approx), before a rise to 197.00 area.Shortby MontecarlorbustPublished 0
$COST Head and shoulders setting up?$COST on the intra day charts is setting up what appears to be a head and shoulders pattern. The measured move would take price back to short term support. My stop loss for the short will be the 190 breakout level. Will be watching for nasdaq weakness in the days to come to initiate the trade. Thanks for viewing and enjoy!Shortby Moto_TradesPublished 110