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COST trade ideas

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
COSTUpdate. Took out previous high on price, but maintained the bearish divergence on the daily. Daily RSI has not broken down yet but looks like it may be pulling back in the coming days. Daily MACD crossed and is back testing right now. Weekly RSI could breakout or fake out. Weekly MACD around the 0 line. Most likely will push lower to continue the price line trend since COVID and then break out into mid 23'. Could be a good short in the coming days if daily RSI is broken and weekly RSI starts to pull back.
NASDAQ:COSTShort
by AlexColeUSA
1
$COST Running to 550!-RECAPSo, I called this out 5-days ago in my channel.. $COST would rebound from our regression channel and run to at least $550. This isn't difficult, and trading should be simple... we have the greatest indicator ever created; and led to a $26 burst from $537 to $564. No, I do not have a crystal ball... I have Trendsi, and normal technical analysis; and I know that my Dashboard indicated a continuation from my money momentum moving up, my green middle bar, and a key ema cross over. There isn't a guarantee, but we get pretty close with this indicator; and what we post on TV is just the tip of the ice berg!
NASDAQ:COSTLong
by cj-
PRZ // Potential Reversal ZoneThe PRZ, the Potential Reversal Zone is an is an area where Fibonacci numbers converge, and where the harmonic pattern completes. It's the D point on a harmonic pattern and where price has a high probability of reversing. Recent Bull flag. If one were long, a stop could be placed under the bottom trendline of the flag. Valley 1 is lower than valley 2 which rules out a Cypher, Nen-Star or a Shark. It is a crooked W pattern so it is most likely bearish. Leg 2 retraced to the .382 which could be a Bat (.382 to .5) or a Crab (.382 to .618). The Crab can run to the 1.618. A Bat's 4th leg terminates around the .886. The Alternate Bat (as if this is not confusing enough LOL) terminates around the 1.113. Rarely does price hit squarely on a fib level, so one may look for an area of confluence close to that fib level. A lot depends on how long the market stays bullish on COST or remains bullish in general. This is not a Gartley as leg 2 did not reach the .618. It is not a Butterfly as leg 2 did not reach the .786. You may have different retracement rules thank I do, but leg 2 is where I can rule out other patterns. Leg 3 also gives a clue. Is Valley 1 lower or higher than V2? If this were a Crab, price can reach 735ish. If it is an Alternate Bat, price could reach 632ish. Both scenarios would indicate a new high for COST. If this is a typical Bat pattern, then price would reach 586ish and price would not reach a new ATH. There is no way to know for sure. There is a possibility that this could stop around the 1st question mark to the left of the double top and form a head and shoulders pattern, or price could make it to the double top. Possibilities are almost endless. Trading can be an educated gamble. There are bearish Rising Wedges under price but these are not valid until the bottom trendline is broken. Rising Wedges can be long term patterns and are sometimes caused by FOMO. No recommendation. Neutral for now as this may go either way in the near term. ES 524.25 or when you think Costco hits resistance and a downtrend is underway. I am sure many are long (obviously) as there is most likely room to run in the W pattern. I apologize if this was confusing (o:
NASDAQ:COST
by lauralea