Great ariticle, would you like to share it?Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 11 December 23
@TradingLounge:Costco Wholesale Corp., Elliott Wave Technical Analysis Costco Wholesale Corp., (COST:NASDAQ): 4h Chart 11 December 23 COST Stock Market Analysis: We have been monitoring the upside in Costco as we seemed to have a group of waves 1-2 nesting. We are now looking at a count that suggests Minute wave {ii} is in place and we are now waiting for a pullback in wave (ii) to then look for longs. COST Elliott Wave Count: Wave (i) of {iii}. COST Technical Indicators: Above all averages. COST Trading Strategy: Looking for longs after a pullback in wave (ii). TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Costco Wholesale Corp., COST: 1-hour Chart 11 December 23 Costco Wholesale Corp., Elliott Wave Technical Analysis COST Stock Market Analysis: Looking for a potential top already in wave (i), if not we could be close. After that we could see further downside into wave (ii) to then find support on 600$. COST Elliott Wave count: Wave v of (i). COST Technical Indicators: Above all averages. COST Trading Strategy: Looking for longs after a pullback in wave (ii).
Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 11 December 23Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.