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COST trade ideas

$COST Costco at Key Support Level$COST Costco tagging key $200 support level today looking very oversold. Expecting a price recovery into the 1st quarter of 2019. Note there is an un-filled gap below $200 from June of this year - could see us dipping as low as $198 this week. A close this week below $198 would be bearish - ideally we stay above $200. Targeting mid-December overhead gap-fill of ~$226.50 by mid to late February leading up to March earnings release. Note: Informational analysis, not investment advice.
NASDAQ:COSTLong
by Triple_Barrel_Capital
3
COST OverpricedSurprised that COST hasn't fallen farther AH, revenue growth is nice but gross income actually went down Y/Y. Net income increase is strictly from the tax cut and one time events. 31x P/E 1% dividend When the recession hits, this will get cut in half easily. P/E ratio is way too high, dividend yield too low. No active position yet, let's see where it opens tomorrow. Holding XRT puts though, expect a retail reaction to Costco earnings, we'll find out tomorrow morning.
NASDAQ:COSTShort
by hungry_hippo
2
COST: Sell Short Potential but Strong Support at 200The Daily Chart of COSTCO Stock shows that there is some sell short potential on the short-term trend IF the stock breaks to the downside below the low of around 216. At this time, it appears that is more likely given the lack of large lot buyers in the chart patterns. Support levels show the point gain potential moving down from the current range-bound pattern. However, COST is less likely to collapse all the way down to 50% from its all-time high. Why? Because it was never speculated to extreme highs, far from a strong support level. The furthest it can go before reaching strong support is around 200 for a bounce and 190 for serious support and risk of rebound price action.
NASDAQ:COST
by MarthaStokesCMT-TechniTrader
1
$COST - Lol. Dopest thing you'll read A while back, I remember wanting to get into algorithmic trading. I love math & all, but once one thing led to another & eventually I found myself trying to understand mechanics & quantum physics & computer learning - there was no way lmao. I tried, & it ultimately did help come up with my own strategy that I've gotten accustomed to. But since then, the most helpful & my favorite recollection of all things math & stocks is the bubble report. Chances are if you've seen bitcoin - you could tell it was a bubble, but probably didn't know when it'd pop, how long it'd take to recover (if ever), & where the top of it would be. Whether it's stocks, forex, bitcoin, commodities, etc., a bubble is a bubble. The best way (might be the only.?) to describe a 'bubble' is when exponential growth exceeds linear growth; historical growth (x) surpasses the equilibrium rate of growth (y) over time, & instead of a linear graph - you need a logarithmic graph just to make fit. A new bubble report is released each month & I remember seeing Costco on it w/ a 98% "bubble" score. Kept it on watch, but seeing as implied volatility is in it's top 25 percentile - better late than never lmao. I made this layout back during my experimenting on producing actual results to use moving averages as a "bubble" finder - bitcoin was my original start & I saved it since then. Although you can only see one (red) moving average, there's two. The 2nd is a weighted moving average for a half a year longer, while the red is a shorter, exponential moving average based off lows. I made the 2nd the same color as the background w/ thicker width that way whenever the (red) crosses over it - both moving averages disappear in an indication of faster exponential growth without an equilibrium. Although you can't see the 2nd moving average - click on any one of the yellow rectangles & you'll get an idea. I was supposed to make a comment about how this chart reminds me of Venezuela's inflation rate but, yeah. Better late than never. If you wana check out that bubble report, Link - www.ethz.ch
NASDAQ:COSTShort
by DerekD_
COST: High Risk for Long Term BuyConsidering your risk is something that all investors and traders should do before trading or investing in any stock. Often when a stock displays this much risk on the long- and intermediate-term time frames, it also warns of risk for short-term trading as well. The Weekly Chart provides better perspective of the risk of buying the stock at this new all-time high price. There is no support nearby. See how many points are at risk if a correction occurs? Trade Wisely, Martha Stokes, CMT
NASDAQ:COST
by MarthaStokesCMT-TechniTrader