COST
COSTCostco chart here shows a head and shoulders formation which is bearish..
Chart got originally striked so had to repost this lol -- 510 bearish target with a 390 buy in mind for the long term portfolio.
510
390
2X $COST 1D Tech. Analysis!COSTCO IS A GREAT STOCK, but the price action is showing a cool off after this strong run up almost 40% from the May lows! The current bull trend is in a Huge rising Wedge, and also the overall chart is showing a head and shoulders formation in the making in the near future. Look to load up on puts at these 2 marked areas!
$COST Running to 550!-RECAPSo, I called this out 5-days ago in my channel.. $COST would rebound from our regression channel and run to at least $550. This isn't difficult, and trading should be simple... we have the greatest indicator ever created; and led to a $26 burst from $537 to $564. No, I do not have a crystal ball... I have Trendsi, and normal technical analysis; and I know that my Dashboard indicated a continuation from my money momentum moving up, my green middle bar, and a key ema cross over. There isn't a guarantee, but we get pretty close with this indicator; and what we post on TV is just the tip of the ice berg!
Ethereum CHAOS £100 Next?Ethereum cost drops lower as the current week's misfortune matches back the increases from a week ago.
ETH cost is set to proceed with its decay going into the following week.
With the mid-year, the money departure proceeds, and the ETH cost is in danger of falling toward £470.22.
Ethereum (ETH) cost is disappointing dealers attempting to focus on any break underneath £824.95 to get the cost activity and be important for a meeting that will swing them back to all-time highs into the following year. Nonetheless, that isn't how it works in exchanging, and positively not in cryptographic forms of money. Taking a gander at a week-after-week graph the £824.95 marker holds no significance and either needs a bob off $570 or a break above $1,404 before brokers can begin taking positions.
ETH cost holds 45% space to the drawback
Ethereum cost sees dealers consuming a ton of money to attempt to exchange around £824.95 to use as section level for a convention. Taking a gander at the more extensive time, it pays off to see and find that although it is a mental level, it holds no bearing at all. All things considered, it's smack in the center between £1158.69 for the potential gain and the disadvantage. With bulls consuming money, bears can undoubtedly neglect to move and watch cost activity drop further in their favor.ETH cost will tank further and could certainly still cover another 45% of space to the drawback before a huge essential level gets reached at £470.41. The new month-to-month S1 support level at £533.96 could currently be a sandbox where bears begin offloading and shutting their short positions. The message here is that bulls should make an effort not to impede the low steam roller that will crush any bull out of this endeavor to get the plunge instead of sitting tight for the bob. As currently referenced, bulls that need to be important for a more drawn-out term rally will rather need to trust that a solid bullish sign will arise. That could be conveyed once cost activity pops above £1158.69 and potentially break the red plummeting pattern line. With that move, the room gets up to £1393.07 in an underlying stage and next £1591.14, playing with £1650.56.
COSTCostco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline.
An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target.
Costco is a very strong company don't get it wrong. This is a stock i'd buy in my retirement account at nearly all support lvls below 480.
COST 39 PE consumer is cutting backMany of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
COSTIchimoku R is near 510 and would be the bullish target
Now rejecting at yellow trendline that used to act as some support
380 PT
Still like $COSTCost could finish the 1-2-2u on the week. Atr can move it close to the target, keeping in mind that broadening formation. Depends on what tomorrow looks like. If not, inside 4hr can be an early move for the 1-2-2d rev strat on the day.
Costco Targeting HVN & Equality TestIn this update we review the recent price action in Costco and identify the next high probability trading opportunity and price objectives to target
COST Costco the next TGT?TGT is down 25% after the earnings today.
Could COST be next?
if we look at the P/E ratio, TGT has a P/E of 15.58, while COST much higher, 39.87.
I wouldn`t be surprised to see a retracement of COST at the pre-pandemic level of $387.
Looking forward to read your opinion about it.
COSTDouble top currently formed, holding onto support. Would love to see a bounce on Costco. Long term portfolio would love to see this break lower.
One more touch of BTC production cost is here, Long opportunityProduction cost indicator, shows, how much it cost BTC farms to mine bitcoin and everytime it hits it they buy it up as it's cheaper to buy it then let their farms run to mine it.
We are in for a pullback! 📉Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 5.1
It means if you risk here 100$ you may make 510$ Not bad, huh?
Costco looking toppishCostco has reached its upper channel and is in a parabolic move. Seems due for at least a pulback towards the bottom of its rising channel.
COSTCO - Looking very strongRefer chart mark up - looking very strong - in case if fall from here have strong area of support.
If you like try to accumulate from that area.
Let me know your thoughts.
Costco going for discounts. COSTGoals 485, 468, 440.
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 highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$COST Key Levels, Analysis & Targets$COST Key Levels, Analysis & Targets
I have to be sentimental with COST. I didn’t analyze it differently… the MA’s just are what they are…
But I think that COST is an efficient company. I think they deserve their market value. I do think it will fall a little bit, but this company is strong. I’d hold.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
COSTCO - COSTUpdate here on Costco, looking to become heavy buyer towards the 390-446 range. Weekly looks like it’ll break down further from here based off technicals.
COST daily470 area held, this demand zone look like a nice buy area keep it on your radar. Oversold defensive stock, good for portfolio diversification with the current economic environment.
Another Money Shifts is about to happen in the market..!I would like to start this forecast with this Peter Lynch quote:
“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”
It means, the best traders are never right all the time, they make losses too. Focus on getting more trades right than wrong and you’ll be considered successful.
Having said that, If you want to increase your chance of success you need to evaluate the market situation, individual sectors and industires; and then find the best stocks with the highest chance of appreciation to go long and highest chance of depreciation to go short!
I monitored Waren Buffet's porfolio and Berkshire performance for a year and compared it with Nasdaq 100 and find out a possible top in BRK.A could be an early sign of the end of Nasdaq 100 correction..!
BRK.A vs NDX:
(Some times there is value in a comparing Apple and Oranges)
In my Dec 16, 2021 analysis (Editor's Pick) I mentioned:
Based on the pattern in the charts and the past 2 days of high volatility in the market, the most probable scenario could be a complex correction and a shift from tech stocks to Banks, Energy, and Telecommunications.
Please review the performance of these sectors in the past 3-4 weeks!
Now let's review the current situation:
Based on my current observation Value stocks started forming top patterns:
Example:
NASDAQ:COST
NYSE:UNH
NYSE:HD
NYSE:KO
NYSE:MCD
Berkshire owns all the aboe mentioned stocks except UNH!
Conclusion:
I think there is a good chance we see shift from value stocks to Tech stocks once again in the next one or two weeks which could push them up around 5%!
Best,
Moshkelgosha
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