COSTs are going up folkscostco loses value, membership costs increase? not sure how they will play this but they will be taking a large haircut here shortly, watch out below.
CTO trade ideas
2X $COST 1D Tech. Analysis!COSTCO IS A GREAT STOCK, but the price action is showing a cool off after this strong run up almost 40% from the May lows! The current bull trend is in a Huge rising Wedge, and also the overall chart is showing a head and shoulders formation in the making in the near future. Look to load up on puts at these 2 marked areas!
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.
$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!
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:
W PATTERNThis looks like a bearish bat that could take price to the .886, or in more extreme cases the 1.113 fib level.
Or price could get stuck at the 1st question mark. Maybe not.
These 2 bearish wedges are not valid as the bottom trendlines have not been broken.
The pattern says price will go higher yet the rising wedges can be very long term patterns so could be a while until they are broken. Or not. It is on the 4th leg which can be profitable.
Or you can just wait. I do not like rising wedges but have missed out before because of this feeling. They can sometimes take a long time to break, but they always do from what I have seen.
One could chance it and ride this up as the W pattern has room to run.
If the market turns, I just do not feel comfortable owning this right now. I used to own it though so I like the stock and I will own it again one day.
Time will tell.
Several scenarios and I can only choose one, or refrain from choosing anything at all.
No recommendation.
COSTCO: BULLS ARE TAKING OVER!🔸️Ticker Symbol: COST 🔸️Timeframe: 4 Hour 🔸️4X Bull Pattern 🔸️Investment Stratey: Long
TECHNICAL ANALYSIS: Costco is currently in a 4x Bull Pattern. Our dashboard is showing money momentum (white line) shifting to the upside, we have a green dot which is a key EMA crossover, the middle line has switched from red (bear) to green (bull) market momentum and the linear regression indicator is heading in an upward pattern. I would like to see Costco test $553 as we continue to rise in price.
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover To Downside
🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
COSTCostco possibly putting in first lower high with continued bearish divergence on the weekly. Possibly looking at an entry this week if it continues to roll over. Could continue higher first if price line is not broken.
$COSTThis is a funny one
It's still an uptrend
But def wants to pullback
Obvs it has had a good year
Makes me suspect the bull is going to last most of this yr
GRI 2022
COST Range day trade ideaLfg! If this continues, its a pretty easy trade to take. Anything outside of the high and lows be ready for whatever.
Will COST Beat Prior Highs?Prior high is 612.27.
COST has broken upward from 2 rising wedges and has not broken the bottom trendline of either of the wedge patterns.
This pattern is not valid unless the bottom trendline is broken and can be long term patterns.
No recommendation.
Three white soldiers is a bullish candle pattern. It consists of 3 good sized green candles and each opens in the body of the prior candle and closes above the prior candle.
COST 6/12/22COST – Daily chart analysis
Better start loading up on those Kirkland products now.
COST started the continuation of its Uptrend back in Jun.’21
On Jan.’22, Price reached all-time highs at 570 just to watch price tumble down to 463. By then, price also broke down from the trend supporting 50ema. That signaled the possible end of Uptrend and the entrance of a sideways market.
By Mar.’22, price bounced back above 50ema and looked to continuation its previous Uptrend.
Price continued its up move and broke past all-time highs reaching 607. It looked like COST was going to continue in its Uptrend.
The breakout was short lived. By end of Apr.’22, price fell back down below previous all-time highs of 570 and closing below 50ema.
The breakout has been deemed a “false breakout” and The Uptrend was lost. COST has officially entered a sideways market.
We saw a breakdown of this sideways range by mid Mar.’22.
After this move, the sideways range would now be classified as a Distribution stage.
Price has also lost the long-term uptrend by closing below the 200ema.
Price has since pulled back to previous support and looking to turn it resistance.
It is also rejecting the 20ema. This signals the trend (possible downtrend) getting stronger short-term.
Two days ago, we had a “Shooting star” candle stick at resistance with the last day candlestick closing below the lows. This is my cue to enter trade short.
Will be taking short trade to the swing low of 406 but I’m expecting price to break lower. The lower lows will confirm the start of Downtrend for COST.
Entering trade short.
Entry: 463.31
Stop loss: 507.46
Target: 406.26, +12.31%, 1.29 RR ratio
COST news should cause drop on 7/8I was intuitively alerted that there might be news that takes COST down soon, and lo and behold I hear they have sales number being released tomorrow. SO, I decided to dowse on it to see what I come up with. The result is that COST should be down tomorrow around 7.25% or so and it is a long/buying opportunity. We'll see how it goes.
$COST to $500 by witching?Well, that was fast. Still a long way off the target region but feel free to take some profits from any PUTs purchased. I'll watch this solid company for a week and consider swinging it. We'll see.
I don't do advice.
SWING for COST (costco) - LONGHello traders,
How are you?
It's Monday so we have to review our swing portfolio.
One of the trade for today is COST, long.
As always the long volume is now greater than short volume so we have a long trade.
Remember this is a weekly chart timeframe so this is a very slow trade.
Have a good week everyone
COSTCostco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline.
An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target.
Costco is a very strong company don't get it wrong. This is a stock i'd buy in my retirement account at nearly all support lvls below 480.
COST 39 PE consumer is cutting backMany of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
COSTIchimoku R is near 510 and would be the bullish target
Now rejecting at yellow trendline that used to act as some support
380 PT
Bull FlagPrice hit resistance and formed a Dark Cloud Cover candle pattern after breaking the top trendline of the flag.
Today's red candle has pierced to the 50% level of the prior green candle which indicates price opened higher today than the close of the green candle, but so far, the bulls are having issues hanging on.
There looks to have been a Bullish Crab pattern that took this down to the 1.618 of the impulse wave up. This is a price exhaustion pattern and a move to the upside is usually prompt when the crab hits the 1.618.
The longer term moving averages do not looks good but the shorter term averages in the alligator are trying to point up and cross over.
Price is over the 20 but underneath the 50, 100 and 200 simple, daily moving averages.
Tough market and may be a choppy one for some time to come. The resistance overhead is causing many bullish patterns to fail. In order for COST to reach targets posted, a break of the resistance will need to occur.
The gap down has been filled and may serve as support.
No recommendation.
Roughly $478 the floor for Costco?I've kept an eye on stocks such as Costco ($COST) ever since the pandemic. Now, with the U.S. economy sputtering and likely already in a recession (based on the definition) I believe low-price, big-box retailers could be a strong bet.
Looking at the trendlines (this is my first time publishing, so be gentle), it looks to me like Costco should hold at or around $478.
I sold off my shares before the dip really began. But, I'm thinking about buying back in and staying long through the recession.
Any thoughts?
Still like $COSTCost could finish the 1-2-2u on the week. Atr can move it close to the target, keeping in mind that broadening formation. Depends on what tomorrow looks like. If not, inside 4hr can be an early move for the 1-2-2d rev strat on the day.
Costco Targeting HVN & Equality TestIn this update we review the recent price action in Costco and identify the next high probability trading opportunity and price objectives to target
