To The Moon

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Second for the week! Let’s review a few more names:

Costco Wholesale Corporation (NASDAQ: COST)

COST is currently trading in the green ascending channel while consolidating within the red descending triangle.

Over the past year, it's been unable to hold above the 2024 prior ATH at 1,008.25 and the 2.618 Fib extension at 999.43. As long as these levels continue to act as resistance and COST fails to break out of its red channel, COST is more likely to retrace back into the 926-931 monthly imbalance and the green channel support.

If this imbalance is filled and lost to the downside, then COST could see further continuation into the 844.06 yearly level.

Otherwise, if COST breaks out of its red channel, then it could push into the next Fib extension sitting at 1,263.92.

Intuitive Surgical, Inc. (NASDAQ: ISRG)

ISRG has been trading in the green ascending channel after breaking down from its long-term dark green support trendline. Recently, it also lost this green channel and is currently back into the 470-473 monthly/quarterly support zone.

On the weekly chart, also note that ISRG is rangebound between the 420s to 600s.

If ISRG manages to reclaim the 512-538 monthly imbalance, then it has the opportunity to push back into the 2024 prior ATH at 556.23.

Otherwise, if ISRG continues to reject that monthly zone and pushes below the 470-473 area, it can see downside continuation back into the quarterly level at 447.11 and subsequently range lows in the 420s.

If 425 is broken, then it can start filling some of the imbalances below and push back into the intermediate blue support trendline. A retest of the 2021 and 2023 prior ATHs between 358-370 while still maintaining the blue support trendline could be a crucial condition for any upside continuation.

Wilmar International Limited (SGX: F34)

F34 is currently trading in a descending triangle consolidation pattern, with strong horizontal support between 2.63-2.98 and progressively lower lows.

Following the horizontal support retest in Q3 last year, F34 is now back into the 3.92 yearly resistance, which it rejected off earlier this month.

If F34 continues to reject this level, then it could potentially pull back as far as blue trend support as shown on the weekly chart. Note that the 3.60-3.79 zone is an intermediate pullback level - if this breaks then it could see further continuation into the 3.38-3.39 yearly support.

Otherwise, if F34 breaks above 3.92, it could see continuation into the 4.43 Fib level next. Given the descending triangle pattern, it could push as far as the red resistance trendline. The next notable unfilled higher timeframe imbalance is the 4.85-5.21 monthly imbalance.

Price action for F34 likely only gets fully constructive to the upside once it manages to reclaim the 2007 prior ATH at 5.39.

Note that a bear case for F34 may appear if it breaches and closes below 2.46.

@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger

$Costco(COST)$ $Intuitive Surgical(ISRG)$ $Wilmar Intl(F34.SI)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$