COST trade ideas
COSTCostco possibly putting in first lower high with continued bearish divergence on the weekly. Possibly looking at an entry this week if it continues to roll over. Could continue higher first if price line is not broken.
$COSTThis is a funny one
It's still an uptrend
But def wants to pullback
Obvs it has had a good year
Makes me suspect the bull is going to last most of this yr
GRI 2022
COST Range day trade ideaLfg! If this continues, its a pretty easy trade to take. Anything outside of the high and lows be ready for whatever.
Will COST Beat Prior Highs?Prior high is 612.27.
COST has broken upward from 2 rising wedges and has not broken the bottom trendline of either of the wedge patterns.
This pattern is not valid unless the bottom trendline is broken and can be long term patterns.
No recommendation.
Three white soldiers is a bullish candle pattern. It consists of 3 good sized green candles and each opens in the body of the prior candle and closes above the prior candle.
COST 6/12/22COST – Daily chart analysis
Better start loading up on those Kirkland products now.
COST started the continuation of its Uptrend back in Jun.’21
On Jan.’22, Price reached all-time highs at 570 just to watch price tumble down to 463. By then, price also broke down from the trend supporting 50ema. That signaled the possible end of Uptrend and the entrance of a sideways market.
By Mar.’22, price bounced back above 50ema and looked to continuation its previous Uptrend.
Price continued its up move and broke past all-time highs reaching 607. It looked like COST was going to continue in its Uptrend.
The breakout was short lived. By end of Apr.’22, price fell back down below previous all-time highs of 570 and closing below 50ema.
The breakout has been deemed a “false breakout” and The Uptrend was lost. COST has officially entered a sideways market.
We saw a breakdown of this sideways range by mid Mar.’22.
After this move, the sideways range would now be classified as a Distribution stage.
Price has also lost the long-term uptrend by closing below the 200ema.
Price has since pulled back to previous support and looking to turn it resistance.
It is also rejecting the 20ema. This signals the trend (possible downtrend) getting stronger short-term.
Two days ago, we had a “Shooting star” candle stick at resistance with the last day candlestick closing below the lows. This is my cue to enter trade short.
Will be taking short trade to the swing low of 406 but I’m expecting price to break lower. The lower lows will confirm the start of Downtrend for COST.
Entering trade short.
Entry: 463.31
Stop loss: 507.46
Target: 406.26, +12.31%, 1.29 RR ratio
COST news should cause drop on 7/8I was intuitively alerted that there might be news that takes COST down soon, and lo and behold I hear they have sales number being released tomorrow. SO, I decided to dowse on it to see what I come up with. The result is that COST should be down tomorrow around 7.25% or so and it is a long/buying opportunity. We'll see how it goes.
$COST to $500 by witching?Well, that was fast. Still a long way off the target region but feel free to take some profits from any PUTs purchased. I'll watch this solid company for a week and consider swinging it. We'll see.
I don't do advice.
SWING for COST (costco) - LONGHello traders,
How are you?
It's Monday so we have to review our swing portfolio.
One of the trade for today is COST, long.
As always the long volume is now greater than short volume so we have a long trade.
Remember this is a weekly chart timeframe so this is a very slow trade.
Have a good week everyone
COSTCostco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline.
An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target.
Costco is a very strong company don't get it wrong. This is a stock i'd buy in my retirement account at nearly all support lvls below 480.
COST 39 PE consumer is cutting backMany of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
COSTIchimoku R is near 510 and would be the bullish target
Now rejecting at yellow trendline that used to act as some support
380 PT
Bull FlagPrice hit resistance and formed a Dark Cloud Cover candle pattern after breaking the top trendline of the flag.
Today's red candle has pierced to the 50% level of the prior green candle which indicates price opened higher today than the close of the green candle, but so far, the bulls are having issues hanging on.
There looks to have been a Bullish Crab pattern that took this down to the 1.618 of the impulse wave up. This is a price exhaustion pattern and a move to the upside is usually prompt when the crab hits the 1.618.
The longer term moving averages do not looks good but the shorter term averages in the alligator are trying to point up and cross over.
Price is over the 20 but underneath the 50, 100 and 200 simple, daily moving averages.
Tough market and may be a choppy one for some time to come. The resistance overhead is causing many bullish patterns to fail. In order for COST to reach targets posted, a break of the resistance will need to occur.
The gap down has been filled and may serve as support.
No recommendation.
Roughly $478 the floor for Costco?I've kept an eye on stocks such as Costco ($COST) ever since the pandemic. Now, with the U.S. economy sputtering and likely already in a recession (based on the definition) I believe low-price, big-box retailers could be a strong bet.
Looking at the trendlines (this is my first time publishing, so be gentle), it looks to me like Costco should hold at or around $478.
I sold off my shares before the dip really began. But, I'm thinking about buying back in and staying long through the recession.
Any thoughts?
Still like $COSTCost could finish the 1-2-2u on the week. Atr can move it close to the target, keeping in mind that broadening formation. Depends on what tomorrow looks like. If not, inside 4hr can be an early move for the 1-2-2d rev strat on the day.
Costco Targeting HVN & Equality TestIn this update we review the recent price action in Costco and identify the next high probability trading opportunity and price objectives to target
COST ShortWithout a recession a lot has been discounted in the market already, but I would not fight the Fed and the tape when both are working against against me. We are likely getting close to a trading low, but it may take more selling to get there. Another pilot short
REVIEW $COSTBearish
Fundamental
- Negative P/FCF
- Negative PEG
- Mid industry group
TA
- Momentum divergence
- Price below neck line
- Break of channel
Momentum divergence is worth taking note. First sign of weakness or strength !
costco shorts update. Costco has been my no 1 performing stock in the last 3 months . took sell from 603. now Cost has completed an impulse drop down.
i expect a correction. the current correction does not seem complete yet . in my view. a corrective leg should have a 3 wave correction. However am bearish and would sell any rally .
I don't even need to draw anything. The candle does the job!huge red candle. Costco probably hit by the bad earnings of Target
COST Costco the next TGT?TGT is down 25% after the earnings today.
Could COST be next?
if we look at the P/E ratio, TGT has a P/E of 15.58, while COST much higher, 39.87.
I wouldn`t be surprised to see a retracement of COST at the pre-pandemic level of $387.
Looking forward to read your opinion about it.
