$Cost is ready to bounce backI´ve tracking $Cost for a while and I think $Cost is ready to bounce back. MACD just crossed above the line, lets see how much it last.
it´s a long way back to 360, but in the mid time ....
COST trade ideas
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.
Waiting confirmation. waiting game on!Price is inside weekly demand zone. so i'm waiting for 1hr confirmation personally!
once 345.40 is broken then we going back to Mars
no confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
Head and ShouldersHead and shoulders patterns have a tough time meeting downward targets in a Bull market..they do best in bear markets..but...
I do not like negative charts..especially when I know lots love and are in this stock. It is a strong stock and I am sure it will recover when the time is right..I could have put the neckline at 359.50 but was cutting COST some slack and this is a bull market..for now
COST is also in a channel down and a falling wedge which can be bullish if price breaks upper trendline which is around 358ish. Just be safe..
Not a recommendation
COST - Looking for a reversal soonCOST has been retracing from a recent run-up. Indicators are starting to point to being oversold and are slightly curling up. It is also approaching the 200 day which is conventionally at an LVN of the volume profile. If it reaches that point and bounces that will be my trigger to go long. Will keep an eye on it in case it decides to reverse earlier or not at all.
