Costco
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$
Leading Stocks To Watch This WeekLeading Stocks To Watch This Week
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$COST Costco - Breaking Out of Consolidation$COST Breaking out of consolidation today to fresh all time high.
Assuming a close today >$325 expecting to see a strong follow-through move in the near term.
Near term target: $350.00
Note: Not investment advice.
COST has signaled twice. First target is $303According to our signals, the target prices are $303 and $307. I hopped in today and grabbed a couple options. We've got a potential morningstar forming. Let's see
Triple Bottom or Inverted H&S?I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S.
The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears).
A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.
The formation of triple bottom is seen as an opportunity to enter a bullish position.
The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels.
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline. The dark Blue line on the chart represents the neckline.
Costco (COST) Buy trade, stop below DAILY 200 MAThis is a very nice risk/reward trade as the price could potentially hit the target and then also break out the ascending triangle for even greater profits.
The stop just below the 200 day MA and the loss of the trend-line is a clear stop and a tight stop
Should We Fill Our Oversized Cart 🛒 With COST? | COSTCO ($COST)🔥🛒🔥 Costco's fundamentals have us thinking about buying enough COST to feed a family of 8... but do we really need all this COST now?
While the trend looks good, Costco isn't as cut and dry as some other COVID impacted stocks. Still, we expect revenue and earnings to be up again since last quarter and we expect people getting back to life after COVID to choose Costco. This should ultimately give COST a boost, and that has us looking at some levels for bulls who want to buy COST like a way too big tub of dip.
First, before we look for lower levels, we need to be aware of R1. R1 is currently acting as resistance but should flip and act as support if and when COST can break above it.
Below we have S1 - S3 for support. S1 is the first place to look for support if the broader market pulls COST down, if earnings are underwhelming, or if we generally see consolidation before a move up for any reason. S2 - S3 are levels to watch if S1 can't hold.
Our general theory on COST can be seen in the chart. We are looking for similar price action here that was seen back in 2018 - 2019, that is a move up, consolidation, and another move up to new highs. We expect COST to continue its uptrend ultimately, and that means we are looking for a pullback to S1 or S2.
Lastly, while there is more support below, a move below S3 could make COST a much less attractive prospect for the bulls.
The bottomline here is this, we are bullish on Costco and expect earnings to be impressive, but we want to look for longs after a correction or after we break above current ATH's, not at as we consolidate under resistance.
Resource: www.earningswhispers.com + www.foxbusiness.com
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Good luck traders!
$WMT ahead of Earnings - May 19th is Walmart's earnings. No doubt numbers are already expected to be quite high.
That said, if you look at the YTD chart, there's little to write home about this stock. Expecting a gap fill, not sure I'll stay in after that.
$COSTBig red hammer, price bounced EOD.
Looking what seems like a potential morning star reversal.
Do not trade this. You will lose money.
Costco Next Target: $310 Short, then $325First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Costco has surged recently, and I been wanting to do an analysis for Costco for a while (I wonder why). That being said, the next target for what I would say Monday or Tuesday is $310. The weekly threshold target I am hoping it would pass with mid risk is $325. Right now I am mostly bullish as many analyst are seemingly giving it buy signals.
