Its just my take on COST. I will exit and I have explained the levels so trade as per your risk tolerance.
Company: Costco Wholesale Corporation Ticker: COST Exchange: NASDAQ Sector: Consumer Defensive Introduction: Greetings and thank you for taking the time to read my analysis. Today, we delve into the weekly chart of Costco Wholesale Corporation (COST) which has been forming a symmetrical triangle pattern for the past 12.88 months. This pattern is typically a...
COST is looking good for now. Lets see what price has to say.
On the chart we can see a triangle. The triangle can breakout in either direction, so we can enter when the breakout occurs. Target for long and target for short are shown on the chart.
Will make a detailed video on COST but for now understand that $513 is on the way and I am long at current price. **DO NOT TRADE OPTIONS--STOCKS ONLY
Long scenario to 600 JAN 2024 Short scenarios to 380 & 425
NASDAQ:COST is breaking below the rising wedge 502 which is opening a nice short trade with a good risk to reward or buying put options. Target is 470-480 zone
Triangle/Three drives within an upgoing zigzag. We more often now base stop loss off a moving ATR, as testing had shown this to be a more effective strategy than mere price levels alone. Yet, ATR is not always an option. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...
COST SHORT it will rise up till the trendline - then it is going to go down as per the levels shown .
ACHUSDT is showing Bullish Trend Continuation forming Bullish Rectangle along with the price synced with the RSI . We will place buy stop order along with SL and TPs .
buy signal in Costco Wholesale, i think we can buy it for few days.
Why do I expect price to move below 408 USD? Firstly, let's look at the chart. What can you can read from the chart? Price has been creating lowers highs (LH) and higher lows (HL) for several months Price is below local PoC. Weak lower high What do I expect will happen based on my readings? Price is currently below local PoC. It has created weak...
On 3 March 2023, COST appears a reversal patter which we need to confirm it on Monday. Anyway, there is a very attractive reward and loss ratio. Stop loss should be $465.
expect to move up. Earnings on thursday. exit on time basis.
Costco..... As a retailor it's hard to argue. They have a good thing going! If we can use this as an indicator..... the health of the consumer economy going forward looks grim. The longer term pattern displayed on the chart is clearly a topping pattern. How it plays out is of course, what we're interested in . This is how I see it.
DESCRIPTION: In the chart above I have provided a detailed MACRO analysis of AAPL laid out in its MASSIVE MONTHLY CHANNEL of 180 - 123.75 that has been held since DECEMBER 2020. Out of 8 massive US market movers AAPL was the only one to hold a positive position at market close on Feb 3. IMPORTANT LIST OF US MARKET MOVERS: AAPLE, COSTCO, NVIDIA, FACEBOOK,...
Costco is probably one of my favorite places to shop and I think the stock price over the last 14 years has proven that to be the case for a lot of people. The main issue I have with buying this stock is valuation and growth of the company. I don't see how they will be able to grow fast enough to support a 35+ PE ratio. Taking the fib from the 08 lows to the...
This is an update to my August 8th sell publication. A sell recommendation...Appears to be a common theme among retailers... As you can see there was a breakdown through the white median line on October 28th. I believe we are now in the middle of the "C" wave with a downward acceleration about to commence. My price target is in the mid 50's area... TBD....