CTO trade ideas
$COSTBig red hammer, price bounced EOD.
Looking what seems like a potential morning star reversal.
Do not trade this. You will lose money.
Watch list for early next weekCould be a nice swing trade if you like range plays....looking for volume.
SELL COSTCO STOCKThe Triangle has been broken down and the price is less than $300 which was a strong support line.
There is also a Double Top which has been broken to down.
RSI is below 50% in Daily Chart. There will be a downward trend.
Costco is a long term holdCostco is consistently increasing their revenues as they are continually expanding and growing popularity. I can’t see this stock loosing revenue any time soon. Their cash flow is high and they are a recession proof stock because they make 75% of their income through memberships and I don’t think people are going to stop shopping there anytime soon. Their expected to grow at 8% every year and have a good amount of assets for their book value. Yes their P/E of 36 is expensive but combined with their dividend and their consistent growth I don’t see how you can loose money on it in the long term.
Costco Next Target: $310 Short, then $325First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Costco has surged recently, and I been wanting to do an analysis for Costco for a while (I wonder why). That being said, the next target for what I would say Monday or Tuesday is $310. The weekly threshold target I am hoping it would pass with mid risk is $325. Right now I am mostly bullish as many analyst are seemingly giving it buy signals.
Costco on steroidAnyone looked at Costco before ? Previous recessions hadn’t affected it a bit
Just observation
Possible feeler in COST against the 50 day MACost is trading within the 324-270 range (refer to weekly) and has put in back to back inside days with volume drying up. I'd be looking to grab a feeler through 311 against the 303.
COST setting up nicelyThe weekly looks to be developing a nice base. The daily is not quite ready yet but the weekly is showing a potential buying opportunity through 325 if everything lines up.
Costco Wholesale $COST#Costco Wholesale is approaching to pivot resistance but on 2 hourly chart already gives a signal for a pull back
Costco Approaching ATH, on breakout alert
Alert set for $ 325
RSI in strong uptrend and room to run higher.
MACD crossed above zero line
Histogram higher
Moving averages support.
The Future of Food (Wholesale Foods)The Future of Food (Wholesale Foods) is very important on Earth!
The price of food today is about 7 to 10x what it use to be in the middle of this past 20th century (1972ish).
Just before the the beginning of the 1990's there was a sudden "wholesale foods" boom. The value of "wholesale" food companies like Costco doubled after one time around the sun and then went up by nearly 20x value in the early 1990's and then value of "wholesale" foods suddenly dropped?
After an almost complete collapse of the "wholesale" foods industry in the early 1990's was perhaps the most important time in the history of "modern food" on earth.
Its likely that food prices need to go up because grocery stores are making so little money.. Many people are use to walking into a grocery store and seeing it full of food.
I was really surprised that a certain large grocery store made almost $200,000 dollars per employee per year. Grocery Store profit (however) are less then say 5% in actual profit and sometimes as little as 2%. Many grocery stores are billion dollar and certainly million dollar businesses. When you think about it the food economy should be and is a multi trillion dollar a year industry.
When "wholesale" foods started going up in the mid 2000's they went up about 1000% times and then 2000% up!? Today the value of the stock is about 12200%+ more than the value that "wholesale" started at in the 1980s.
If you study very very carefully the entire history of "wholesale" foods, the "first" ideas of "wholesale foods" was not accepted. "wholesale foods" had one full year of problems before it started. These early problems with "wholesale" foods are (clearly visible on the exponential graphs in the late 1980's)
Its likely that our actual virus and health problems are actually cased by buying and selling "strange foods" particularly in Wuhan China and perhaps even a larger problem in Indo China and Costal Asia and Pacific Islands. Its likely that the problem we are seeing is with “wholesale foods” globally. The problem is not just with the "sick animals" its "water pollution" along the Yangtze River which is one of the most important fresh water rivers on Earth and the central river in China. For several decades NASA imagery of China and India and Thailand has shown so much air pollution in these areas that its viable on live “NASA Worldview” Imagery every day for years and years. In many places around the world you cant even see the ground from a satellite image because there is so much air pollution.
The foods market in Asia and in Wuhan was actually called the Huanan SEAFOOD WHOLESALE Market. Although the COVID-19 Coronavirus is a “respiratory” virus the market actually had a lot of “seafoods” and was also a “wholesale” “fast foods” market place. It maybe that one of the key problems is actually a "wholesale" foods marketplaces problem?
Environmental problems are perhaps the key to understanding modern economic collapse.
Hope this helps you!
Asher!
