Shares of Costco Wholesale Corporation (NASDAQ:COST) and hammering on a triple top breakout. The level is $169 and if Costco can blow through that level, it has significant upside, maybe as high as $200. Don't jump the gun and buy Costco before it breaches the level as it may not breakout, instead collapsing lower. This is a possible breakout, not a breakout that...
COST just broke out of a nice symmetrical triangle and that's what i was waiting like i said in my notes. If the stock go up tomorow morning around 164.18, i will be looking to buy the stock. When we see a nice breakout from a triangle like that with a strong candle and with strong volume that shows there is great buying pressure, this is why im looking to go...
You can create a strategy around this if the roller-coaster keeps going, I just can't think of any earth-shaking revelations or headline risk that can derail the ride, trade safe!
We have a pretty low risk trade here. You can look to buy way out of the money calls for dirt cheap after the earnings report for $COST. Upside is crystal clear. Even though this stock isn't such a good value pick, as say, $KSS (which has been nothing short of amazing so far), it's still a good contender to catch up to the retail rally it's been lagging.
Good...
Lots of stored upside energy in this one. I have already picked the long side for 'pot-odds'. A reversal and pop will pay off better than a continuation of the ABC correction
6 days ago I posted on a short trade on COST - Here is the update Target 1 hit. As we are in the blue zone now I will watch the price action carefully but would like to think the next target of 144.72 is achievable also. We'll see :)
I like it when price recognises my predictive trend lines, drawn when the high was put in on August 15th. Even better when it has been acting as a resistance angle. The black dashed vertical line here represents time. It's not telling me direction but suggests that's when another bout of momentum should kick in when price reaches it. The blue box is where I would...
Overall industry breakdown makes COST a potential candidate for short. In the technical side it is rolling over from a double top and broke Upward trend. Money-flow is heading down. We think it can decline to 140 area.
You can check our detailed analysis on COST in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 18:00”
Trade...
Overall industry breakdown makes COST a potential candidate for short. In the technical side it is rolling over from a double top and broke Upward trend. Money-flow is heading down. We think it can decline to 140 area.
You can check our detailed analysis on DNAI in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 18:00”
Trade...
NASDAQ:COST
05JUN16 - Entry criteria:
1. Short Position - If we get confirming bearish candlestick formations at the stop of the channel supporting by weak market performance over the week, potential to enter short and ride to $137.
2. Long Position - Potential to trade this long if a breakout forms out from the downward price channel and a base of support...
- Weekly Elder Impulse system turn green from red
- Daily Elder Impulse system not red
- Divergence in both weekly & daily
- Enter @147.9 (close to low end of earning gap)
- SL @146.17 (below middle bollinger band)
- TP @152.68 (previous resistance)
For all practical purposes, this quarter's earnings season is all but over.
However, there is one last play I might do and that is in COST, which announces earnings on Tuesday after market close.
Currently, it's implied volatility rank is 58 and its implied volatility is 26. Generally speaking, I like to see the rank in the 70% percentile, and this isn't quite...
