COST trade ideas
$COST | Bullish Channel: Watch for a breakoutWatch for a breakout of the bullish channel for longs. See my previous $COST analysis here:
COST 4hr FIB levels4hr Fib levels on Costco. No position as of now. Watching for entry Monday 01/11.
Simple moving average/trendline support!trend channel has been acting as strong support for a while now here fot costco! long 375 with stop loss 355, target 400 on the next leg up! very sold trend and probably has a good payout. goodluck :D
$COST Costco Bullish among the weak.
Bullish move above the 50ma showing relative strength in a bloody market.
Alert set for move above Fin Golden pocket at $382.
Targets $387.77 Hourly candle resistance
$391 Monthly candle
Volume impressive,
MACD bullish crossover
Histogram positive
RSI crossed Mid-point
I just Closed This Trade Due To bearish TK Cross The blue line crossed below the red one which means I should close the trade as it can mean the end of the uptrend and can reenter the cloud and go all the way down to the 340 range and even lower
$COST - to $372Could break up or down. Watching for confirmation. Major resistance at $372, technicals look good.
It's decision time, which way will it go?
COST breakout from falling wedge?COST has a beautiful falling wedge and I am looking for a break up of the trendline as well as 365.76. I have highlighted two potential paths there in pink and orange. This projection will be invalidated if it falls out of the wedge. 357.14 is a very key level to see a bounce as a break of that support likely means this projection has been invalidated. Time frame is looking to be no more than one week, though it could extend slightly beyond.
Costco long until Q1 2021 earnings reportBest time of the year for Costco, also online services growth this year could generate a nice surprise in Q1 2021. resting now on the 100 MM on the daily.
Costco potential rise Indicators show that Costco is currently under brought and MACD agrees. I’m only new to this, so criticise if I’m wrong.
Predicting a bullish price action on COSTI expect a bullish and strong price action for COST in the upcoming weeks based on:
1. The price seems to have reached the lower end of the rising channel and expected to bounce soon.
2. CMF seems to have found a floor and expected to rise soon.
Blue Horseshoe loves COSTPE areas, we could have seen the first test today (16.12.2020). The EMA50 is also calling for a long trade... I will figure out something tomorrow premarket
$COST with a bearish outlook following earning release$COST projected a bearish outlook after a positive over reaction with the PEAD placing the stock in Drift B
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COST - December 12, 2020COST coming to another great buying opportunity here this week. If it breaks the trendline it will likely find support at the 364 area.
COST earnings 12/10 at 4:15pmCOST Q1 Nov 20' earnings is on 12/10 at 4:15pm. Last earnings, Costco Wholesale reported Quarter August 2020 earnings of $3.13 per share on revenue of $53.4 billion. The consensus earnings estimate was $2.85 per share on revenue of $52.6 billion. Structurally, it looks like a just about perfect entry for a long entry. A $375call12/18 is going for around $6.50 ($650) per contract, with Delta: .47, Theta: .34 & Vega: .26.
Earnings Whisper $2.25
Consensus: $2.04
Revenue: $42.43 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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07-12-2020 PLAN for COSTCOST is strong at EMA 50, target to entry at $372
Target Option SP $370/June21 $24.75
