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COSTCO WHOLESALE DL-,005COSTCO WHOLESALE DL-,005COSTCO WHOLESALE DL-,005

COSTCO WHOLESALE DL-,005

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CTO trade ideas

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.
NASDAQ:COSTLong
by Natebetz1
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.
NASDAQ:COSTShort
by UnknownUnicorn182749