Costco
COST Costco Wholesale Corporation Options Ahead Of EarningsIf you haven`t sold COST Costco Wholesale Corporation here:
Then Analyzing the options chain of COST Costco prior to the earnings report this week,
I would consider purchasing the 495usd strike price Calls with
an expiration date of 2023-5-26,
for a premium of approximately $9.00
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
COST - Top StructureThis 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.
COST WCA - Awaiting a Breakout from SymmetryCompany: 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 sign of market indecision, and we're anticipating a breakout soon.
Symmetrical Triangle Pattern:
A symmetrical triangle is a chart pattern in technical analysis used by traders to predict future price movements. It is formed when the price of an asset consolidates between converging trendlines that slope towards each other, creating a triangular shape. The pattern is characterized by lower highs and higher lows, indicating a tightening price range as the market reaches a point of equilibrium between buying and selling pressure. In this case, we have 5 clear touch points on the upper trendline and 3 on the lower trendline.
Analysis:
Costco's price is currently above the 200 EMA, and given the clear uptrend preceding the triangle, we are inclined to see this symmetrical triangle as a bullish continuation pattern. However, the inherent indecision signaled by the symmetrical triangle means we should hold off on calculating a price target until a definite breakout occurs.
Moreover, a breakout must occur soon, as the closer we get to the triangle's apex, the weaker the effect of the breakout. This makes COST a high-priority watchlist candidate that should produce a result soon, regardless of the direction it takes.
Conclusion:
The Costco Wholesale Corporation weekly chart analysis points towards a symmetrical triangle pattern, indicating market indecision and a potential breakout soon. Traders should closely monitor this chart for signs of a breakout.
Remember, this analysis is not financial advice. Always conduct your own research when investing and consider risk management and proper position sizing when trading based on chart patterns.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best Regards,
Karim Subhieh
COSTCO neutral patternOn 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.
$COST trade is coming upNASDAQ:COST is breaking below the rising wedge 502 which is opening a nice short trade with a good risk to reward or buying put options. Target is 470-480 zone
Buying Costco at a discount. COSTTriangle/Three drives within an upgoing zigzag. We more often now base stop loss off a moving ATR, as testing had shown this to be a more effective strategy than mere price levels alone. Yet, ATR is not always an option.
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 green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. 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 SHORTCOST SHORT
it will rise up till the trendline - then it is going to go down as per the levels shown .
COST| Bullish Trend Continuation | Bullish RectangleACHUSDT is showing Bullish Trend Continuation forming Bullish Rectangle along with the price synced with the RSI . We will place buy stop order along with SL and TPs .
COST 1WWhy do I expect price to move below 408 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
Price has been creating lowers highs (LH) and higher lows (HL) for several months
Price is below local PoC.
Weak lower high
What do I expect will happen based on my readings?
Price is currently below local PoC. It has created weak higher low (weak structure). I believe that price will break the weak lower high and move below 408 USD.
COST- another candle to confirm a reversal patter, On 3 March 2023, COST appears a reversal patter which we need to confirm it on Monday. Anyway, there is a very attractive reward and loss ratio. Stop loss should be $465.
COST - Can we use it as an indicator? Costco..... As a retailor it's hard to argue. They have a good thing going!
If we can use this as an indicator..... the health of the consumer economy going forward looks grim.
The longer term pattern displayed on the chart is clearly a topping pattern. How it plays out is of course, what we're interested in .
This is how I see it.
AAPL: LAST MAN STANDING / FIB / PREDICTION / MASSIVE CHANNELDESCRIPTION: In the chart above I have provided a detailed MACRO analysis of AAPL laid out in its MASSIVE MONTHLY CHANNEL of 180 - 123.75 that has been held since DECEMBER 2020. Out of 8 massive US market movers AAPL was the only one to hold a positive position at market close on Feb 3.
IMPORTANT LIST OF US MARKET MOVERS: AAPLE, COSTCO, NVIDIA, FACEBOOK, ALIBABA, AMAZON, GOOGLE, AMD
POINTS:
1. Deviation of 6.25 DICTATES SUPPLY & DEMAND POCKET PLACEMENT.
2. Dotted orange vertical lines represent a months time.
3. EMA'S: 45 (BLUE), 100 (YELLOW), 200 (RED).
4. Green dotted vertical lines represent top for AAPL top.
5. Optimal Target: 161.25
6. Notice EMA movement where current placement would signify price action has plenty to give to the upside.
RSI: Common Range for RSI to linger between 50 - 70 despite somewhat overbought territory.
MACD: Notice current uptrend of buying to selling pressure and not the similar trajectory and angle. MACD has yet to ride trend before drop occurs which is highlighted by sphere.
SCENARIO #1: In a BULLISH scenario price action lingers around 155 SUPPORT and we see sideways action OR we see a sudden drop in the coming days but bounce 148.75 SUPPORT without losing upward momentum and confirming a continuation of upward momentum and confirming current setup.
SCENARIO #2: In a BEARISH scenario price action 148.75 & continues with strong downward momentum to 145 and beyond that break uptrend and invalidate setup.
FULL CHART LINK: www.tradingview.com
NASDAQ:AAPL
COST - Who doesn't love costco?Costco is probably one of my favorite places to shop and I think the stock price over the last 14 years has proven that to be the case for a lot of people.
The main issue I have with buying this stock is valuation and growth of the company. I don't see how they will be able to grow fast enough to support a 35+ PE ratio.
Taking the fib from the 08 lows to the 2022 highs, we get targets around 395, 327, and 258 for the 38.2, 50.0, and 61.8 retracement levels. If you think about it, 258 from a valuation perspective only starts to make the stock a reasonable price at about a PE of 20 assuming 13.23 EPS.
It looks beautiful from a long term trend perspective and I think it has many more years to grow, but I wouldn't touch it unless it was 308 or less purely from a fundamental perspective. Might look to short this one this year.
This is not financial advice. Good Luck!
AMZN - Update - Another retailer in trouble? This is an update to my August 8th sell publication.
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD.
Weekly view here
COSTHigher lows are being formed on Costco although it seems that this one could continue to fall, not much was able to be done above 533 on it which was a major resistance.
COSTCO - BEARISH SCENARIOCostco is set to report its fiscal first-quarter earnings Thursday after the market close.
The company experienced cooling sales in November as shoppers spend more cautiously amid news of increasing layoffs and stubbornly high inflation.
Also, In the near-term future, Costco may face margin pressure from elevated supply chain costs (retailers have been receiving inventory earlier than expected), greater promotional activity, and higher wages.
The short-term expectations are for a breakout of the triangle and a target of $ 450.
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CHAINLINK IS SHOCKING!!!The current ChainLink price analysis is optimistic.
At $7.5 there is the most opposition.
The price of $6.6 has the most robust support.
The market is moving upward and gaining pace as of November 27, 2022, according to ChainLink pricing research, which is encouraging for the LINK market. Over the previous few hours, ChainLink's price has stayed bearish. The cost rose from $7 to $7.4 on November 26, 2022. However, the market quickly gained more worth and expanded in value. In addition, ChainLink rose and trades at $7.1, just shy of $7.5.
ChainLink is currently trading for $7.1 with a $349,849,723 trading volume. In the past 24 hours, Chainlink has increased by 3.53%. Currently ranked #21 with a live market cap of $3,609,813,927, ChainLink is a company.
Costco looks great for a BUY - NOT Cup and Handle has formed on Costco and the system has lined up beautifully for a long with a target of $587.65.
However, no trade will be taken according to the system as there is a GAP in the pattern.
Gaps close 70% of the time... It might work out but through my experience, gaps close shortly after (which is where the stop loss would more or less be).
WARNING: Gap - No trade
$COST Short Idea - First target 465Market has been rallying but today seemed suspect and pop in VIX implies smart money possibly hedging under the hood.
Time to start looking for hedges / short opportunities , whether we get a large move down or just a pullback before going higher, IMO in the near term we see some selling.
Costco is at trend line resistance and therefore I see it as a good hedge/ short candidate. Also at the top of the BB , implying as a mean reversion trade we at least see 495, with 465 being the max profit taking level for me.
For the less risk adverse can trade a 525/530 call credit spread or a 525/520 put debit spread, although all out short / long put is also an option ... I'm looking at DEC opex.
Cheers - Frisco
