Costco has breached the resistance which was also an all-time high resistance. Costco has consistently exceeded quarterly estimates in recent quarters, enhancing its appeal even at its all-time high. If you want to open a long position or are willing to invest, consider entering at a price level between 911 and 915 with a stop loss between 895 and 900.
Costco Wholesale Corporation is currently reaching an all-time high and approaching a significant resistance level. It is poised for a potential breakout, so keep a close watch and wait for the price to convincingly surpass the resistance level before considering any action.
COST has been a staple go-to-retail outlet to US consumers. Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources. It has been a rosier season for...
Uber Technologies (UBER) announced six new products and features at its fourth annual Go-Get event, including a discounted Uber One membership for college students and an international rollout of Uber Eats delivery service of Costco ( NASDAQ:COST ) products. The ridesharing giant also announced new features for Uber Eats and Health, along with new ways to reserve...
Costco ( NASDAQ:COST ) missed Wall Street’s revenue expectations for its holiday quarter, despite reporting YOY sales growth and strong e-commerce gains. NASDAQ:COST Shares fell about 4% in aftermarket trading on Thursday but the stock bounced and surged by about 1.6% in Premarket trading on Friday. The company’s stock had hit a 52-week high earlier in the...
See chart. Nice Wyckoff spring and markup. The consolidation wave may take until May to wrap. Start hunting quality entries.
Despite market Volatility NASDAQ:COST is exhibiting a bullish bias based on the following indicators: Price Momentum COST is trading near the top of its 52-week range and above its 200-day simple moving average. NASDAQ:COST is trading above all of its moving Averages indicating a Bullish Bias. NASDAQ:COST 50-day Moving Average is above the 200-day moving...
In the last five years, shares of Costco Wholesale (COST -0.19%) have made for a wonderful investment, climbing 149%. This gain is much better than the broader market indices. But the stock is still 11% off its peak price (as of Oct. 27). There is a lot to like about this company. Those looking to buy shares right now need to spend some time understanding more...
Inverse Head and Shoulders formed on Costco Wholesale. The price broke above and is now retracing to a conservative level. Once it tests, we then need a strong move up. Now the reason I'd wait for the retest is because American indices are showing further downside to come and it might create this sideways consolidation range following the breakout....
If you haven`t bought COST ahead of the previous earnings release: Then analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week, I would consider purchasing the 540usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $6.30. If these options prove to be...
Following daily chart. Got a short signal TP - EMA100 or 529 SL - 567.81 - Please wait daily close to stop.
If 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...
Triangle/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...
COST SHORT it will rise up till the trendline - then it is going to go down as per the levels shown .
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.
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:...
COST (COSTCO) has formed a massive head and shoulders pattern over the past year, which seems like a no-brainer opportunity to get short. COST could possibly reach 440 by the middle of October and 407 by the first week of November if the price breaches the neckline around 464. A period of consolidation could delay these estimates by several days. Disclaimer: I...
Looking at the COST Costco Wholesale Corporation options chain, i would buy the $475 strike price Puts with 2022-9-30 expiration date for about $5.15 premium. Looking forward to read your opinion about it.