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.
Costco
COSTNice uptrend since December, 21. Bullishly out of a minor downtrend. I expect it to enter 600s this year.
Costco ~ COSTCostco is a monster .. Looks like it wants 585-590 area where there will be some trendline resistance.
Wouldn't want to even short this thing near the top of the pattern iMO. Can reach 620 if it breaks that 590.
LIS 565 once above.
Costco May Witness A Big Jump After Earnings
Costco Wholesale COST is set to give its latest quarterly earnings report on Thursday after the closing bell, Costco will likely report an Earnings Per Share (EPS) of $2.61.
Costco bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
Last quarter the company beat EPS by $0.33, which was followed by a 3.31% increase in the share price the next day.
The stock is currently forming a potential continuation pattern (Symmetrical Triangle) to be confirmed by the violation of the $543.00 resistance point. After the pattern being confirmed supported by a probable earnings beant, the price will likely hit the pattern's minimum target around $572.00 point.
COSTco is a winnerCostco made a classic buy the uptrend support on Friday. With that boost this looks really good and ready for breakout again for another big run. All indicators are bullish. If Monday holds that $550 support and breakout above $561 it will continue to run. High trend breaking ATH with RSI 66. Explosive, one of my favorite setups.
If you want a slow moving but will continuously go up stock, then Costco can’t be beat for long term hold either.
$COST
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COMING END OF THE BULLMARKET for COSTCOI am moving to a net short COSTCO USING PUTS AT THE MONEY AT a 85 % net short now . WAVE structure has wave 1 and 5 being equal and wave 3 extended LOOK for a very large decline min .236
COSTCO TIME TO BUY AGAIN 4th wave triangle IT SEEMS THAT RETAIL IS GOING TO RUN .We have just ended a nice but tight abcde triangle I moved to calls for jan this morning open as we also hit the trendline
COSTCO THE MOST DAYS DOWN IN OVER 6 MONTHS BUY OR BREAKDOWN Costco COST has now the most days down in a row since the UPTREND began which I post a major low at march low . THE markets all will be rolling over after the last wave up is nearing The CARES money runs out and inflation will then cause a rather slowdown due to an increase to ALL as the FREE MONEY COMES TO AN END !
COSTCO Strong buy opportunity on a 2-year old fractalPattern: Channel Up on 1W.
Signal: Buy as the price broke above its Resistance (and November 2020 High), in a similar sequence as the April-May 2019 fractal. Even the RSI sequences are identical indicating that the price is breaking outside of this consolidation pattern.
Target: Within the 1.5 - 2.0 Fibonacci extension zone (as in 2019).
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Cost - consolidating for next push ?Cost consolidating well near weekly SZ with higher lows , showing more buyers so far , looking good for next weekend 390c swing trade
COSTCO - Is this a bottom?With the recent bottom testing on the SPX500USD
How does this affect COSTCO's recent massive correction?
This could be a great entry point!
Use trend line for stop loss!
And remember to track index. If SPX500USD sells more, then costco could go down more.
Another recovery play post covid Costco just released a strong earning report which proved once again its business model could transcend good and bad time.
If we looked back at the last three years, we could easily observe Costco shares often time dropped the week before earning release, and bounced right back up after. It happened in 2018, 2019 and just now before the earning last week.
Together with the negative sentiments, costco share priced did drop below its uptrend line for a moment, but it managed to climb back above before the weekend, and lets assume its uptrend would continue esp with the recovery play in front of us.
I do not now have a position in Costco but I am looking forward to start a position at 337 (10MA), with its recent low $313 as cut loss and looking for at least an upside target of $390, which gives us a decent 2x of risk reward ratio.
Heading to $350Quick swing trade set up on COST.
Entry: Under $325
Profit Target: $333 (target 1), $350 (target 2)
Stop loss: $ 317
Risk: up to 2.5% loss
Upside: 7.5%+ (you could choose to hold this long term -- pays a decent dividend).
Good luck traders!
MONTHLY CHART ON COSTCOCostco has been down because of the recent pullback and it might bounce back after hitting support which previously was a resistance. The 20-day moving average is also intersecting with the support shows strong signs of a bounce-back up to levels before
COST LONG ENTRY - SHOPPING FOR LOW LOW PRICESBullish Shark Harmonic Pattern coinciding with horizontal S/R. COST is way over sold imo, this thing is due for a relief bounce. It blew threw the 886, the nest target is the 1.13. Be watching for a bull div going into the PCZ (1.13).
COSTCO TIME TO BUY AGAIN I have just went net long calls in costco for june look for this sector to start up now
$CLOV Bullish Wedge, Incoming Break Upwards$CLOV revering and nearing end of bullish wedge pattern. We likely see a nice breakup going into next week. Additionally, the Medicare Advantage Leadership Innovations meeting will be held on January 27, 2021 where they stated they'd announce a previously unannounced partnership. Recently updated 2021 provider lists notes the addition of Costco $COST. So this could be potentially huge news incoming as well as a great catalyst to retrace and retest previous high's.
