REVIEW $COSTBearish
Fundamental
- Negative P/FCF
- Negative PEG
- Mid industry group
TA
- Momentum divergence
- Price below neck line
- Break of channel
Momentum divergence is worth taking note. First sign of weakness or strength !
CTO trade ideas
costco shorts update. Costco has been my no 1 performing stock in the last 3 months . took sell from 603. now Cost has completed an impulse drop down.
i expect a correction. the current correction does not seem complete yet . in my view. a corrective leg should have a 3 wave correction. However am bearish and would sell any rally .
I don't even need to draw anything. The candle does the job!huge red candle. Costco probably hit by the bad earnings of Target
COST Costco the next TGT?TGT is down 25% after the earnings today.
Could COST be next?
if we look at the P/E ratio, TGT has a P/E of 15.58, while COST much higher, 39.87.
I wouldn`t be surprised to see a retracement of COST at the pre-pandemic level of $387.
Looking forward to read your opinion about it.
HUGE gap to fill to the upside $COSTLooking forward to this bounce on $COST - although quite expensive
$COST to $500 by witching?If it breaks that trend I'll be looking for a drop, maybe time for long PUTs at that point? Costco is strong and doing well though; watching it. Also, don't trust Willy with time-based charts, I should take that off.
I don't do advice.
COSTDouble top currently formed, holding onto support. Would love to see a bounce on Costco. Long term portfolio would love to see this break lower.
Watching $COST at daily lin reg supportMonitoring $COST for swing entries off 1D linear regression support.
costo sell updatetook some short positions from 603. costco is performing as expected.wld continue to look for more short opportunities.
costco analysis- signalI think this share will come down a little almost to 575 and the it will go up to around 645.
so you can open your buy position at 570-585 and your stop loss is 520 and tp being 640-650.
good luck
Alternative Bat/WThe bearish Alternative Bat should land close to the 1.113 fib level.
The last leg of a BAT should land around the .886.
The Bearish version looks like a crooked W and the Bullish version looks like a crooked M. In the bearish version, valley 2 is higher than valley 1.
The W was preceded by what appears to be a Bullish Cypher which should terminate close to the .786. Peak 2 is higher than peak 1 in both the Bullish Cypher and the Bullish Shark.
Steep rise on weekly so lots of buyers in this one.
Percentages listed are possible pull back targets and are percentages of the entire trend up from a low of 307. High is 612.27. 3 year low is 223.05.
Long term DMAs still in sync with an uptrend. The Alligator which is comprised on shorter term moving averages is just now trying to point down.
Many are very bullish on COST and short percent is very low and is less than 1%.
No recommendation. I am watching this one for a much deeper pull back.
COST weekly Wolfe Wave Bearish 4/21A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
COST bounce play or swing calls. Day traders and swing traders. Use this key lvl as a guidance to your money printer.
We are in for a pullback! 📉Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 5.1
It means if you risk here 100$ you may make 510$ Not bad, huh?
COST | GuidanceJournal Entry
Bias: Negative.
Sentiment: Pessimistic.
Emoji (emotion): Excited 🙃.
Null Hypothesis: Sell.
Alternative Hypothesis: Buy.
Signals: ...
Position: Day-swing trade.
Notes: ...
Barron's Company Overview: www.barrons.com
Other: ...
Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry.
About the Security: "Costco Wholesale Corp. engages in the operation of membership warehouses. The firm's product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: United States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA."
Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I do strive to build an esteemed reputation and prolific following, I also strive to earn the title as a Tradingview Wizard and Top Author.
About the Author: I'm a financial scientist and my contributions offered to the community are apart of my scientific journal or goodwill to mankind. With that said I think it's prudent to make two things clear (1) I'm not a Wall Street retailer, I'm not trying to sell you products or services (2) I'm not a Wall Street advertiser, I'm not trying to market the purchase of securities to you.
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
COST 2/11/2022COST
COST enjoyed a nice continuation of uptrend from March 2021 thru Jan. 2022
Price sharply came crashing down from 560s to 470s.
Price bounce from 470s and looked like it was about to hang above moving averages and possibly make a move towards 570 again.
We had a false breakout from minor resistance at 522 and price the next day fell back under.
Price now is looking to close below 20ema which it was respecting. Que to enter trade
Entering trade short
Entry: 511.04
Stop Loss: 536.00
Target: 476.75 – RR ratio 1.37
cost updateam currently watching costco for a reaction from the upper channel line. if we get a price action reversal on a lower timeframe, i would look for sell trades from this area.
Costco looking toppishCostco has reached its upper channel and is in a parabolic move. Seems due for at least a pulback towards the bottom of its rising channel.
costco wholesale corporationtrade plan for costco wholesale corporation
"cost" short stock code for nazdaq
looking for a dip here COST at trend resistance / overbought rsi zone, looking for dip to trend resistance and maybe lower if that breaks.
targets 571.52-566.79-549.77
