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
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 $COST. So this could be potentially huge news incoming as well as a great catalyst to retrace and retest previous high's.
COSTCO (Long Term) Buying Opportunity COSTCO WHOLESALE,
- Market cap of 150+ B
- In my opinion, this is a great long-term old, one company with rising sales in eCommerce and in physical stores.
- In the past few weeks the price of NASDAQ:COST had a correction of 10%.
- The RSI is almost oversold on the daily.
- MACD showing exhaustion of selling on the daily.
- 50 SMA about to get hit
- Price about to hit weekly support of 350$
- Parallel channel about to get it
COST - Bullish Despite Wall Street's ExpectationCostco's November sales totals are impressive, despite falling short of Wall Street's expectation. Investors should remain confidently bullish. December numbers should exceed expectations with the Holiday season here. The value area is within the $360-$370 (good entry long) that's around established support.
Costco’s Kirkland Looks BullishGolden fractal says it all
It is at a couple nice trend lines and the 200dma though 🤣
COSTCO patch and direction Hello everyone
COSTCO started a uptrend channel in march
so far price in uptrend channel still intact
watch chart key notes for more detail and clear path
for any question feel free to ask :)
COST is signaling at $346 + earnings soonHow should I play this one? I plan to buy an option spread. Spreads can lessen your risk exposure, and give you an opportunity to make money on both ends. If there is any significant dip before/after earnings, I'll buy my "call sell" back and ride my call up. If it hits the target beforehand then we are golden. Will be buying in tomorrow.
$COST
NASDAQ:COST
$COST Looking bullishAgain reaching the resistance level around 315$
I see three scenarios IMO:
1. It will form a small cup and handle pattern and move higher.
2. It will break through resistance level, move higher and use the old resistance as new support.
3. It will be rejected by the resistance and will go back to re-test support level at 295$
