Costco Wholesale Corporation COST

MrKaka007 Pro+

COST formed a bullish Shark pattern and above buy zone close to PT1

twotimezinvestments

COSTCO IS A GREAT STOCK, but the price action is showing a cool off after this strong run up almost 40% from the May lows! The current bull trend is in a Huge rising Wedge, and also the overall chart is showing a head and shoulders formation in the making in the near future. Look to load up on puts at these 2 marked areas!

SaeedSajedi Pro

COST is showing nicely a very popular price action Quasimodo pattern . Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart. Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last...

largepetrol Pro

costco loses value, membership costs increase? not sure how they will play this but they will be taking a large haircut here shortly, watch out below.

AlexColeUSA Pro

Update. Took out previous high on price, but maintained the bearish divergence on the daily. Daily RSI has not broken down yet but looks like it may be pulling back in the coming days. Daily MACD crossed and is back testing right now. Weekly RSI could breakout or fake out. Weekly MACD around the 0 line. Most likely will push lower to continue the price line trend...

Great_Reset_Investing Pro

This is a funny one It's still an uptrend But def wants to pullback Obvs it has had a good year Makes me suspect the bull is going to last most of this yr GRI 2022

lauralea Pro

The PRZ, the Potential Reversal Zone is an is an area where Fibonacci numbers converge, and where the harmonic pattern completes. It's the D point on a harmonic pattern and where price has a high probability of reversing. Recent Bull flag. If one were long, a stop could be placed under the bottom trendline of the flag. Valley 1 is lower than valley 2 which...

olakunledean

Cost has been retraced to the lower boundary of the previous ascending channel. would continue to monitor and wait for a price action rejection. we might get this very soon or wait till 2 weeks. price rules the market. Caveat emptor. This isnt a recommendation. it is for educational purposes only.

nickwhitford

Costco chart here shows a head and shoulders formation which is bearish.. Chart got originally striked so had to repost this lol -- 510 bearish target with a 390 buy in mind for the long term portfolio. 510 390

cj- Premium

So, I called this out 5-days ago in my channel.. $COST would rebound from our regression channel and run to at least $550. This isn't difficult, and trading should be simple... we have the greatest indicator ever created; and led to a $26 burst from $537 to $564. No, I do not have a crystal ball... I have Trendsi, and normal technical analysis; and I know that my...

TrendsiTrades Premium

🔸️Ticker Symbol: COST 🔸️Timeframe: 4 Hour 🔸️4X Bull Pattern 🔸️Investment Stratey: Long TECHNICAL ANALYSIS: Costco is currently in a 4x Bull Pattern. Our dashboard is showing money momentum (white line) shifting to the upside, we have a green dot which is a key EMA crossover, the middle line has switched from red (bear) to green (bull) market momentum and the...

TaPlot Premium

$COST potential pullback entry in this cup with handle base

AlexColeUSA Pro

Costco possibly putting in first lower high with continued bearish divergence on the weekly. Possibly looking at an entry this week if it continues to roll over. Could continue higher first if price line is not broken.

lauralea Pro

This looks like a bearish bat that could take price to the .886, or in more extreme cases the 1.113 fib level. Or price could get stuck at the 1st question mark. Maybe not. These 2 bearish wedges are not valid as the bottom trendlines have not been broken. The pattern says price will go higher yet the rising wedges can be very long term patterns so could be...

drewzedd

Lfg! If this continues, its a pretty easy trade to take. Anything outside of the high and lows be ready for whatever.

lauralea Pro

Prior high is 612.27. COST has broken upward from 2 rising wedges and has not broken the bottom trendline of either of the wedge patterns. This pattern is not valid unless the bottom trendline is broken and can be long term patterns. No recommendation. Three white soldiers is a bullish candle pattern. It consists of 3 good sized green candles and each opens in...

JenRz

I was intuitively alerted that there might be news that takes COST down soon, and lo and behold I hear they have sales number being released tomorrow. SO, I decided to dowse on it to see what I come up with. The result is that COST should be down tomorrow around 7.25% or so and it is a long/buying opportunity. We'll see how it goes.

nickwhitford

Costco is one i've been watching. The close before the long weekend was ideal if you entered short once again underneath this yellow trendline. An overshoot to 508-510 is still possibly in play and that's where i'd be looking to start a longer dated short position or even sell out of the position if we get to that target. Costco is a very strong company don't...