Jump to content

Costco Wholesale Corp (COST:NASDAQ) Elliott Wave Technical Analysis 1 September 2022


Recommended Posts

Costco Wholesale Corp., Elliott Wave Technical Analysis
Costco Wholesale Corp (COST:NASDAQ): Daily Chart, September 1 2022,  
COST Stock Market Analysis: We could be moving lower for wave (C), as we are starting to unfold lower and we broke the previous higher low.  
COST Elliott Wave count:  (v) of {i}.
COST Trading Strategy: Looking for completion of wave {ii} to then look for longs.  
COST Technical Indicators: We broke through the 20EMA(red line) which is a bearish sign, eventually it’ll become resistance for wave {ii}.
 
TradingLounge Analyst: Alessio Barretta
COST_9_1.png.f36bca660f5bae547933c78b384ca416.png
 
 
 
 
Costco Wholesale Corp., COST: 4-hour Chart, September 1 2022
Costco Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: Looking for a pullback to start soon as we are approaching invalidation level(wave (iii) being the shortest). In addition to that we can also see a potential head and shoulder.
COST Elliott Wave count: Wave (v) of {i}.  
COST Technical Indicators: Getting closer to the 200EMA(purple line) which could offer support from where to start wave {ii}.
COST Trading Strategy: Looking for wave {ii} to come first before taking any action.
COST_4H.png.aa58e7361cba56eed194a5f393c485c2.png
  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,019
    • Total Posts
      88,023
    • Total Members
      69,016
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Zeltuan
    Joined 28/09/22 08:19
  • Posts

    • Early Morning Call: Risk assets being beaten up again USD continues to benefit from the market edginess.     This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage:   Indices: Europe another lower start and new lower lows for the year for many markets apart from UKX, NKY and ASX200 FX: USD continues climb. GBP resumes drop as IMF warns UK govt about working against monetary policy. Watching Dax and EURUSD around German Cons Conf data Equities: Earnings – BOO H1. AAPL ditches iPhone production increase as demand drops – highlighting potential drop in Q3 earnings   Commods: Gold down at new 28mth low. Oil reversing Tuesday’s first gain in a near a week. BTC near 14wk low      
    • Selling resumed across Asian markets overnight, with the Nikkei losing 2% and the Kospi 3%, and other indices also dropping sharply again. The US 10-year Treasury yield has moved above 4% for the first time since 2010, as markets continued to price in additional US rate rises. The UK situation continues to provide concern, as the IMF waded in last night with a fairly blunt warning about the country's financial situation, and calling on the British government to consider reversing some of its tax cuts. Even US Treasury Secretary Janet Yellen said she was monitoring the situation in the UK very closely. US and European futures are down again, after a quieter day yesterday, and the focus is sure to remain on the outlook for more tightening of monetary policy by major central banks.   
×
×
  • Create New...