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Trading Costco Wholesale $COST With Integrated Risk Controls

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Costco Wholesale (NASDAQ: COST) report below can help you, but we have more details too. The trading plans for COST, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for COST
  • Buy COST slightly over 437.69 target 485.80 stop loss @ 436.43 Details
  • The technical summary data tells us to buy COST near 437.69 with an upside target of 485.80. This data also tells us to set a stop loss @ 436.43 to protect against excessive loss in case the stock begins to move against the trade. 437.69 is the first level of support below 473.35 , and by rule, any test of support is a buy signal. In this case, support 437.69 would be being tested, so a buy signal would exist.

  • Short COST slightly under 485.80, target 437.69, stop loss @ 487.2 Details
  • The technical summary data is suggesting a short of COST as it gets near 485.80 with a downside target of 437.69. We should have a stop loss in place at 487.2though. 485.80 is the first level of resistance above 473.35, and by rule, any test of resistance is a short signal. In this case, if resistance 485.80 is being tested, so a short signal would exist.

Swing Trading Plans for COST
  • Buy COST slightly over 475.42, target 485.80, Stop Loss @ 474.05 Details
  • If 475.42 begins to break higher, the technical summary data tells us to buy COST just slightly over 475.42, with an upside target of 485.80. The data also tells us to set a stop loss @ 474.05 in case the stock turns against the trade. 475.42 is the first level of resistance above 473.35, and by rule, any break above resistance is a buy signal. In this case, 475.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short COST slightly near 475.42, target 437.69, Stop Loss @ 476.79. Details
  • The technical summary data is suggesting a short of COST if it tests 475.42 with a downside target of 437.69. We should have a stop loss in place at 476.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 475.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for COST
  • Buy COST slightly over 475.42, target 477.78, Stop Loss @ 474.31 Details
  • If 475.42 begins to break higher, the technical summary data tells us to buy COST just slightly over 475.42, with an upside target of 477.78. The data also tells us to set a stop loss @ 474.31 in case the stock turns against the trade. 475.42 is the first level of resistance above 473.35, and by rule, any break above resistance is a buy signal. In this case, 475.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short COST slightly near 475.42, target 437.69, Stop Loss @ 476.53. Details
  • The technical summary data is suggesting a short of COST if it tests 475.42 with a downside target of 437.69. We should have a stop loss in place at 476.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 475.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

COST Ratings for March 03:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 437.69
P2 477.78 475.42 485.80
P3 483.84 487.25 531.04
Triggers may have already come
Support and Resistance Plot Chart for COST

COST Long Term Analysis for March 3 2023

Blue = Current Price
Red= Resistance
Green = Support

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