CostCo Wholesale Corp. (COST:NASDAQ) Elliott Wave Technical Analysis October 6 2022

TradingLounge
2022-10-06

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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Comment（53）

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  • pixiezz
    ·2022-10-06
    这只股票今天应该是绿色的，而且在550美元的道路上很好。没错！550美元！坚持住。更好的是，增加你的位置。
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  • cheerzy
    ·2022-10-06
    Great company. Consumer very strong obviously. No position (valuation too high for my liking) but I'm sure it will do fine as usual.
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  • bubblyx
    ·2022-10-06
    Cheaper to go shopping at Costco compared to like walmart. Inflation is helping costco drive their sales.
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  • wigglyz
    ·2022-10-06
    costco is recession proof stonk. It will grow and grow steadily.
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  • kt5796
    ·2022-10-06
    okeh good
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  • 火天大有火天大有
    ·2022-10-06
    太棒了！！！
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  • Jeg
    ·2022-10-06
    ok
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  • lionsg
    ·2022-10-06
    Ok
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  • whitesnake
    ·2022-10-06
    👍🏻
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  • 听见鸟儿的声音
    ·2022-10-06
    Ok
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  • joshuanoob
    ·2022-10-06
    ok
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  • GuekNgo
    ·2022-10-06
    T
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  • Chillman
    ·2022-10-06
    Ok
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  • TanZhenyu
    ·2022-10-06
    [Like]
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  • KTTS
    ·2022-10-06
    Ok
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  • BeatriceChau
    ·2022-10-06
    Great sharing
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  • Jimtrade
    ·2022-10-06
    ok
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  • victorlum
    ·2022-10-06
    nice:)
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  • supermum
    ·2022-10-06
    好的
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    Fold Replies
    • LY1970: 
      GG
      2022-10-06
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  • Yvonnecpg
    ·2022-10-06
    👍
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