COST trade ideas
COST: Ascending triangleAscending Triangle
Pros
Descending volume
R/R ratio above 11
PPS above 50MA and 200MA
250RSI above 50
200MA ascending
Cons
ATR descending
If confirmed
PT1 = 377,54
COST: Damage control, if below 324; otherwise new ATHPretty straightforward setup... possible impending "falling knife" PA... watching how it holds if volume can pick up... worst case, likely makes quick touch down around 315, or even back to 300, build up more support, and then rocket back up -- granted this "forever bullish" sentiment can maintain through this next week of ERs
$COST bull flagging $COST continues to show strength in 2020 currently bull flagging at all time highs. Should see price continue to push higher during the rest of the year after breaking out of a larger consolidation pattern.
COSTCO to 400$COST Same pattern
Fundamentally: 20% rise in money volume and consumers try to save some money to buy in bulk.
COST BUY OR LONG , TARGET UP TO $357 COST confirms the asymmetrical triangle pattern at $ 321, currently has a bit of resistance and confirms further strength
if it breaks above $ 331, however the confirmation price is bought at $ 321 - $ 325, I was Long.
COST buy : $325 - $326
COST target : $357 +-2
Stop loss : $315
Wish you good deals!
COST: From a “Bear”... this is going 350+The monthly makes this look as clear as day... unless bulls really drop the ball on this one, this should really soar! This is one of my favorite companies, and I would not expect this to drop... let’s see!
COST break out to new highsBroke out to new highs on 75% above usual volume. Didn't like the partial retreat at the end of the day thought, would have like it to close to the top of the day range, but volume is strong.
Long @ 327.02
$COST All Time High for Costco
Costco's breakout move today was stalled by weakness within the overall market, but it did mange to
close at a new All Time High.
If the $325 level can hold as support tomorrow, there nay be a opportunity for a long trade to $330- $333 - $340
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$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 - Do You Like Low Risk/HIGH Growth? COST Gives Us a 1:4 RR!I've said it before and I'll say it again: don't bet against these guys. Given the blow out quarter by $WMT I expect $COST to do the same. I have increased the position in my portfolio and recommended this stock LONG ago to my followers.
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$COST: Completing Wave 4 Correction, into larger degree Wave 3Disclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
