COST (NASDAQ) - Be Carefull for Bearish TrendGreetings
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BA (NYSE) - Bullish Trend
0I47 trade ideas
$COST with a bullish outlook following earnings #StocksThe PEAD projected a bullish outlook for $ COST after a negative over reaction following its earnings release placing the stock in drift C
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CostCo Breaks Long-Term Trend but Support Is Near at 300Mixed results last night have accelerated the downtrend for CostCo and the stock has broken the long-term trend to the downside.
Support is likely at $300 which is also the 100d-EMA
If it breaks that, then its a long way down to intercept the old pre-2018 trend.
Pull Back Fishing - Head and ShouldersHow low will she go?
Looks to be extreme selling pressure and has broken bottom bollinger band with MA set at 80. Perhaps the sellers will become exhausted soon.
COST appears to have formed a head and shoulders several weeks ago and has suffered a large decline in the aftermath.
COST has met targets one on the short side which is unusual in a bull market. (see chart for targets 1 and 2). WMT is following the same pattern.
As a rule, head and shoulder patterns do not perform well in a bull market. Inverse head and shoulder perform well in a bull market. The opposite or vice versa, is true in a bear market.
Deeply oversold on RSI.
Watching only and not a recommendation
$COST strong fundamental company at a good price to buyA favorite of Charlie Munger. I agree with him on the point that $COST does have more trust from their customers than $AMZN or $TGT or $WMT
They won't have crazy growth like $AMZN did, but surely will they keep creeping higher. If you want to add on the TD Combo 13 and TD Sequential 13 it ain't a bad idea.
COSTCO WHOLESALE CORPORATION - SWING TRADING LEVELS
Price is at a critical level. It may break to either side.
BUY Targets: 344, 363, 380.
SELL Targets: 306, 293, 281.
Use appropriate quantity and risk-reward ratio.
Always use a stop loss.
Always risk a maximum of 1-2% of your capital.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.