This chart only for educational purposes
Here I tired to combine Elliott wave analysis with harmonic and SMC.
My main goal is to look for a strategy I could use in the future using these technical analysis.
It could be wrong specially the harmonic pattern is not confirmed yet and also there is a bullish count based on Elliott, even though we could see some...
"It's been a looooong, a long time comin, but I knooooww, a change gon come" comes to mind when looking at this chart. Price has been consolidating in this triangle for a year and recent price action post-earnings feels bullish. Looking for a breakout soon.
NASDAQ:COST is a core position for me. It's a fundamentally strong company:
• The company has a favorable track record of earnings beats, including yesterday's call.
• It has a 15% five-year average return on capital.
• There has been a consistent five-year trend of growth in both revenue and earnings.
• The earnings have been consistently favorable.
• Over...
COSTCO earning tonight, just noticed it's in a HUGE pennant. Could potentially be a big movement, though the formation isn't complete so maybe it just hits the upper line?
One thing I like about COST is that they have employees checking he entrance and exit, no shrinkage (theft) problems for them.
No position, but I'd be inclined to go long not short. Good...
This Structure that is forming within the channel plotted i am comparing against BTCUSD bear run in 2018.
I believe the structure is a top formation with big downsides ahead.
Bars pattern shows the big drop comparison.
Costco Wholesale Corporation (COST) is expected to report strong third-quarter fiscal 2023 results on May 25 after the closing bell.
Several key factors contribute to Costco's positive performance, including its effective growth strategies, efficient price management, steady membership trends, and expanding e-commerce business. By offering products at discounted...
A price action above 500 supports a bullish trend direction.
Further bullish confirmation for a break above 512.00.
The target price is set at 523.00.
The stop-loss price is set at 493.00.
The price action remains above its 200-day simple moving average. Supporting a bullish trend direction.
Start of upside price momentum also applicable.
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...
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.
NASDAQ:COST Just had an earnings miss... not a bad reaction so far. This has been wedging for about a year now. Also known as a Volatility Contraction Pattern (VCP). I would guess it has to break either way soon. Ideas, not investing / trading advice.
Costco Coiled enough tightly for breakout .Earnings on may 25th. Would love to take some option contracts ending the week following .Defintely worth watching the Breakout of symmetrical triangle.!!! Good luck.
