COSTCO WHOLESALE CORP

COST NASDAQ

Xclusive-Trading

What was once resistance for 10 months has now flipped into support at a crucial time. The 21EMA is also in support which the stock has not closed below on the monthly for 4 years.

Craig_Claussen

With the recent bottom testing on the SPX500USD How does this affect COSTCO's recent massive correction? This could be a great entry point! Use trend line for stop loss! And remember to track index. If SPX500USD sells more, then costco could go down more.

jimmplan

Head and shoulders pattern on COSTCO

sfhenderson17

Maybe test $330, we'll see how the market reacts Monday...

DXY_to_0

Daily RSI is at levels it hasn't seen since 2016. This obviously isn't especially bullish, but these oversold conditions sets this up for a great relief rally lotto. So far the pitchfork has been respected and the gap to 318 has been filled. The risk/reward seems too good to pass up.

canuk101

Mixed results last night have accelerated the downtrend for CostCo and the stock has broken the long-term trend to the downside. Support is likely at $300 which is also the 100d-EMA If it breaks that, then its a long way down to intercept the old pre-2018 trend.

ser64

The long-term view on $COST is that it's a fundamentally solid company. The opportunity to buy this at a -3 SD in a channel going back to 2019 where the stock has never dropped below -2 SD should not be slept on.

lauralea

How low will she go? Looks to be extreme selling pressure and has broken bottom bollinger band with MA set at 80. Perhaps the sellers will become exhausted soon. COST appears to have formed a head and shoulders several weeks ago and has suffered a large decline in the aftermath. COST has met targets one on the short side which is unusual in a bull market. (see...

kidze

A favorite of Charlie Munger. I agree with him on the point that $COST does have more trust from their customers than $AMZN or $TGT or $WMT They won't have crazy growth like $AMZN did, but surely will they keep creeping higher. If you want to add on the TD Combo 13 and TD Sequential 13 it ain't a bad idea.

lauralea

Head and shoulders patterns have a tough time meeting downward targets in a Bull market..they do best in bear markets..but... I do not like negative charts..especially when I know lots love and are in this stock. It is a strong stock and I am sure it will recover when the time is right..I could have put the neckline at 359.50 but was cutting COST some slack and...

kidze

have been averaging down $COST. Although I still have hedges in place in case of a big crash.

wavetimer

WE ARE ABOUT TO SEE AN UPTURN IN COSTCO NICE TRADE LONG

firedabeast

COST is now at strong weekly support. Watch for a long if the trendline holds

lalocontreraslpz

I´ve tracking $Cost for a while and I think $Cost is ready to bounce back. MACD just crossed above the line, lets see how much it last. it´s a long way back to 360, but in the mid time ....

Jonathan-Remy

great buy

sfhenderson17

Not a good way to start the week, we'll see if there are buyers at $300...

jw00kie

Will history repeat itself? - not a financial advice

bobbs888

Support at 0.236 retracement. RSI in oversold territory. High volume entering on March 5.