COST trade ideas
COST - trendingThis one will be short and sweet. Bullish if we stay above the white trend-line. On balance volume is the indicator I look to to gauge trend strength, it looks pretty strong at this level. I will note the double top, but I don't think its a brick wall. I will also note the slight RSI divergence, which is typically a hint to bulls that the ride is nearing its end. But I don't think we're quite there yet.
Buy at the trend-line not when price has deviated away from it. Make sure you have entry and exit parameters established prior to entering.
COST MACD divergence downLooks to be diverging down some from the double top. Picked up some 290 puts that expire November 15 for 25c.
COST Fb already done,but maybe...If there will be one more level break, i will go short, partly fixing the position on the way down.
Williams R% indicator on COSTThe Williams R% makes the read of the trend line changes easier. This chart for example, demonstrates that each time the indicator goes over the top in whichever direction it follows, a change of the trend line may occur.
Here, in point A goes from a upper trend followed by the indicator to a down trend immediately the R% shows that the trend changes is happening. The moment the R% shows that the trend is followed then we can place our order.
COSTCO 1D ASCENDING TRIANGLE LONG TRADEAscending Triangles, Triangles, Descending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
COST headed up from channel bottomCOST will likely reach $315-$320 within the next two weeks. I believe this is the bottom before a swift run up to $312.5+ within the next 13 days. If you want to maximize profit from this move, I recommend buying the $310 calls expiring November 1st for around $0.50. (where they are right now)
COSTCO [NASDAQ] Trend Trade IdeaNASDAQ:COST
- Solid uptrend
- Good area to jump on the train
- Break and close below TL will negate the trade
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Buy High and Sell HigherCostco looks like it wants to get back to it's all time high. Looking for a clear sky breakout if we can get buy a few days with no sour news events.
Cost Long I may keep it for 307 Buying underlying security or Bull strategies for at least 6 month contracts
Costco Due For A Drop to $279Costco has hit a 4H level and is building up momentum to the downside. I will be getting out of the trade on an OPEN and CLOSE of a candle above the pink line on the 4H.
COST back up to all-time high??I like the company. I think it's strong. Above all EMA's. Strong volume when it bounced off support a week or so ago. My only concern is whether it will pull back far enough to trigger this.
Cost for week Oct 14Pendiente de continuacion de compresion de precio dentro del banderin o posible rompimiento CALL o PUT para entrada con confirmacion en MACD y cruce de MAs rapidas en D.
$COST in a ramp phase trying to go back to 306Watch this thing for pull backs long More analysis at thelincolnlist.com
Delta neutral on #COST $costThis thing loves the 100dMa JC...
For the serious trador lets see how this plays out...
Trade is:
Buuy 265 P
Sell 280 P
B 315 C
Sell 300 C
LOL just wait for the amaies to say this is a bad trade. already up 8.1% and opened this trade within 5 mins of market close
COST long ideaI like COSTCO COST here. I see the 200ma on the 3hr chart as a nice support. Looks to be setting up for a new move higher. It's one you can buy and hold IF history is a lesson. 8/crossed the 13 on the 3 hr chart which looks like a buy. Good volume
Costco investors starting to ring the register. Caution. High flyer for 2019 NASDAQ:COST enters earnings tomorrows earnings pre-market, with huge expectations that it must fulfill considering the crowed trade that is has become.
The main danger for Costco is that if the market begins to rotate back towards the Technology sector, Costco will be a source of capital to do so.
If the selling persists post earnings a very healthy retrace tot he $230 level is more than possible.
Average analysts price target $293
Average analysts recommendation OVERWEIGHT
Short interest 1.07%
P/E ratio 34 (CONSIDERED HIGH IN RETAIL)
Company profile
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include groceries, candy, appliances, television and media, automotive supplies, tires, toys, hardware, sporting goods, jewelry, watches, cameras, books, housewares, apparel, health and beauty aids, tobacco, furniture, office supplies, and office equipment. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.
Going long on $COST calls before earnings Costco recently introduced their stores over seas which has brought alot of attention to the company recently.
