CostCo Wholesale Corp. (COST:NASDAQ) Elliott Wave Technical Analysis October 6 2022
CostCo Wholesale Corp., Elliott Wave Technical Analysis
CostCo Wholesale Corp., (COST:NASDAQ): Daily Chart, October 6 2022,
COST Stock Market Analysis:Moving lower as expected, looking for further downside as nextsupport level is represented by wave B on the left.
COST Elliott Wave count: (iv) of {iii}
COST Technical Indicators:We are below all averages
COST Trading Strategy: Looking to short on wave (iv) knowing the downside is limited and witha stop on invalidation level above wave (i).
TradingLounge Analyst: Alessio Barretta
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CostCo Wholesale Corp., COST: 4-hour Chart, October 6 2022
CostCo Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: Potential triangle in wave (iv) as we look for further downsidewith RSI bullish divergence which could explode after wave (v).
COST Elliott Wave count: (iv)
COST Technical Indicators:We are using the 20EMA as resistance as well we are starting toform RSI divergence.
COST Trading Strategy: : Looking to short on wave (iv) knowing the downside is limited andwith a stop on invalidation level above wave (i).
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- pixiezz·2022-10-06This stock should be GREEN today and well on the road to $550. Thats right! $550! Hang in there. Better yet, ADD to your position.LikeReport
- cheerzy·2022-10-06Great company. Consumer very strong obviously. No position (valuation too high for my liking) but I'm sure it will do fine as usual.LikeReport
- bubblyx·2022-10-06Cheaper to go shopping at Costco compared to like walmart. Inflation is helping costco drive their sales.LikeReport
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