COST daily470 area held, this demand zone look like a nice buy area keep it on your radar. Oversold defensive stock, good for portfolio diversification with the current economic environment.
COST trade ideas
Equity Markets1.22.22 Looking at TTD, Costco, Nvidia, and other markets that we have looked at in the past.
On my long/calls watchlist if we bounce here ✅cost holding above recent trend resistance even after the most recent dump, also looking like a double bottom bounce off a recent monthly candle.
this could be the short term bottom for COST, look for a move back to highs if it bounces here.
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COST 1/11/2022Costco the heavyweight. One of the stocks that holds up NASDAQ
Daily Chart analysis
COST has been and a long-term uptrend since 2010 – 2011.
Price is current just below 50ema . It has also found support around area 514.
Today it looks like we will be finishing the day with a dragonfly doji at support.
Stochastic is also in oversold status
I will be looking to enter long and swing trade to 560.
Entry: 518.70
Stoploss: 500
Target: 560
COST SELL UPDATE.COSTCO is forming a ending diagonal on the higher tf. i would be looking for sell opportunities on costco.
Long $COSTGotta long the best grocery chain when the chart looks like this. Costco has been a monster and hoping for the run to continue after bouncing off this trend line here.
COST: Long BiasThe price still trading in the trend. Price might bounce at the channel support and continue its trend.
Be Safe if Buying PullbackI am not sure COST will surpass this high in the next few weeks or months. You may feel certain it will and we are all different.
I just know I am not buying this pull back.
If you are buying this pullback for a long term hold, I wish you luck as you are a braver soul than I am.
But many people are probably braver than I am.
Goodnight and no recommendation
Be Safe// Earnings12-9 AMCPossible Parabolic Arc.
This could still go higher. There is no rhyme or reason to this pattern. Eventually these do fall when the music stops. Arcs can be a long term pattern. Earnings are tomorrow after market close.
This chart is on a weekly timeframe.
Parabolic Arc chart patterns form with a steep rise in prices caused by irrational buying and intense speculation.
Irrational buying in the public generates a strong rally to push prices vertically, followed by a steep sell-off.
The Parabolic Arc is a reversal pattern and has a very predictable outcome. Although these patterns are predictable, they are relatively difficult to trade since the market sentiment is bullish.
The average eventually fall in the range of 62 to 79%, but can fall less or even more. The first target is usually the 50% level. An arc is not formed overnight and usually does not fall overnight either. It can be a slow process and this one may not be finished going up in price yet.
Parabolic Arc patterns consist of both panic buying on the way up and panic selling on the way down. As a stock breaks out and starts to rise, investors tend to feel its rising cycle is never going to end and build confidence based on hysteria. In the state of a rising Parabolic Arc, the price continues to rise without much of a pause and (or) with a series of upside gaps. This can be a long term pattern and is volatile as a rule on the way down.
The parabolic arc is definitely priced for perfection, and any negative news, or sheer greed, can send the security down.
What goes up, must come down, eventually.
Rising Wedge with Bearish Divergence on the MACDLooks like we may get a pullback from the highs here off the Bearish Divergence on the MACD and the impending overbought condition on the RSI at the top of this Rising Wedge Pattern.
cost toppingseems to be forming a rising wedge with timing aligning it up into that 113 i would ideally like to see it tap that and start to break the bottom trend line to bring it down, Nice divergences setting in as well
not financial advice
COSTNice uptrend since December, 21. Bullishly out of a minor downtrend. I expect it to enter 600s this year.
Short COSTCostco has had a significant run-up that last few months, but is trading like a tech stock at the moment. The stock has had difficulty breaking above the 3.618 fib level and a rising wedge has developed. My first target to the downside is 537. This setup is nullified if COST rises above 575.
Beginner's Charting Attempt 1: COSTFirst: Any constructive criticism is very much appreciated and helpful! :)
So here I am, an absolute beginner with a couple crayons of knowledge: I just drew in what I observed to be wedges. The first a rising bullish wedge that continued to a bullish trend. That wedge was followed by a falling bearish(?) wedge. I thought a continuation pattern (bearish) was more likely than a reversal (bullish) because of resistance (COST had previously hit that high before and didn't break through).
I might've used some of the terminology wrong, honestly. But I'm just trying to journal out my thought process to be able to communicate and work through my own ideas and opinions.
costco sell updatecostco open today and gave profits within the 1st hour.
I expect that position to have been closed in profit.
based on current price action pattern. costco might push up further to create a new high . would continue to look for price action to determine next move.
candle close is vital for next direction.
Potential topping area on Cost decent setup to pull COST down a little on profit taking
Not Financial Advice
Costco sell awaiting Costco opened higher today and sellers stepped in to short it. am awaiting for the 2hr candle to close bearish pin bar.
currently in one sell position. need confirmation to stack.
Costco ~ COSTCostco is a monster .. Looks like it wants 585-590 area where there will be some trendline resistance.
Wouldn't want to even short this thing near the top of the pattern iMO. Can reach 620 if it breaks that 590.
LIS 565 once above.
cost sell updatecostco 561 level held well. if price retests this area , only watch what the price action wld do at that point. perhaps we wld see a pin bar print and market rejection.
