After reporting a better than expected earning, price of Costco accelerate almost touching the channel top again.
One weekly chart, it finished as a high spin wave, essentially means that bulls & bears are equally puzzle where the price will go.
Immediately, the price might want to break the long term channel top (green), any false breakout that is rejected at...
Happy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year...
Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore...
I'll just stick to the technicals on this one. So its really quite simple after breaking above 140/141 resistance price continued on to the -1.27 Extension of the 132 / 141 Range it was consolidating within. So I'll be looking for evidence of bidders re-entering the stock at the retracement to previous resistance turned support at 140 / 141. In equities I am a...
Using the square root system we can define the COST cycle as 12 days. qe can count 12 days from the top. Also, we may see the uptrend and the moving averages uprising. This situation draws my attention, we had the fast moving average crossing above the slower one and the slowest acting as support to the prices. my Stop is really short and my target is long. We do...
COST had been a great trending stock for quite some time - particularly through 2011-2013.
But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation.
The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars...
Costco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock.
It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention.
Higher lows...
Trading Pairs/ Options Forecast: Cost will perform better this month
Strategies: Cointegration, Correlation and Technical
Analysis : Elliot Wave Studies www.bitcoinprice.mobi
Trading pairs Costco vs Wal-Mart which has moved from its correlation can be done based on cointegration or technical analyzing the prices of the stock pairs and tries to profit from the...
Last week's momo was not enough to break through previous support at 112.40. If we get accumulation or and a bounce with enough momo, we should look to test 114, and possibly 116. If we lose support around 111, price will find support around 107.
Costco has been going up forever and it is almost at an attractive buying point. It broke my trend change line so I would epect it to go sideways for a few days before continuing the upwar trend. It will probably bounce arond 116-120 so try to get in as close to 116 as possible. Long-term upside potential is undetermined but it should go past its most recent...
