Buying underlying security or Bull strategies for at least 6 month contracts
Costco 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.
I 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
Taking Costco to the long side. Got to know about the downgrade from Cramer's Mad Money, so thought to do technical analysis. Cramer suggested buy at this level and technicals are supporting partially. I prefer to see divergence in RSI but thats not there. So taking this trade by giving more weightage to fundamentals shared by analysts as Costco is least affected...
High probability trade
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes...
Weak buy signal with the red+blue cross underneath the Kumo, and lagging strand is showing consolidation. This typically means "wait for more information" but we are approaching a strong support in the trend channel and momentum is pointing towards a reversal. I'd keep a stop loss around the 238 level, but even if we unload at 247 that's a solid 3:1 risk to...
The Megalodon Indicators are signifying a strong buy come market open for Costco! This indicator is incredibly accurate! If you'd like to know how to try it out for yourself, just send me a message!
Last reporting data was ok, net sales for the quarter increased 10.8 percent, to $32.28 billion from $29.13 billion last year. Net sales for the first 24 weeks of fiscal 2018 increased 12.0 percent, to $63.40 billion from $56.60 billion last year. The Company gained an incremental sales day in the quarter due to the shift of Thanksgiving, however pre-Thanksgiving...
Not real bullish on Costco, but charts don't lie. Inverted H&S like the rest of retail (see XRT). Long on calls for a day.
The Daily Chart of COSTCO Stock shows that there is some sell short potential on the short-term trend IF the stock breaks to the downside below the low of around 216. At this time, it appears that is more likely given the lack of large lot buyers in the chart patterns. Support levels show the point gain potential moving down from the current range-bound...
Looking at stochastic, Costco is out of overbought area. When stoch will turn up, then it is moment to buy
Considering your risk is something that all investors and traders should do before trading or investing in any stock. Often when a stock displays this much risk on the long- and intermediate-term time frames, it also warns of risk for short-term trading as well. The Weekly Chart provides better perspective of the risk of buying the stock at this new all-time high...
Looks like a blow off top here! I give it from here to $250 as the tap out point for longers. Costco ascending wedge is bearish Price is on resistance of ascending wedge Price candle body far outside daily upper bollinger band
Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :) In this screencast I run through several superhot equities on the monthly time frame. The higher time frames are often the cause of surprises for people' on 15min - 1H time frames. Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...
I like this little stock because my dog loves the dog bed he just got from Costco made by CENT
$COST on the intra day charts is setting up what appears to be a head and shoulders pattern. The measured move would take price back to short term support. My stop loss for the short will be the 190 breakout level. Will be watching for nasdaq weakness in the days to come to initiate the trade. Thanks for viewing and enjoy!