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How the (COST) price action is used to our Advantage

Longer Term Trading Plans for COST
  • Buy COST slightly over 817.06 target 862.14 stop loss @ 814.7 Details
  • The technical summary data tells us to buy COST near 817.06 with an upside target of 862.14. This data also tells us to set a stop loss @ 814.7 to protect against excessive loss in case the stock begins to move against the trade. 817.06 is the first level of support below 855 , and by rule, any test of support is a buy signal. In this case, support 817.06 is being tested, a buy signal would exist.

  • Short COST slightly under 862.14, target 817.06, stop loss @ 864.63 Details
  • The technical summary data is suggesting a short of COST as it gets near 862.14 with a downside target of 817.06. We should have a stop loss in place at 864.63though. 862.14 is the first level of resistance above 855, and by rule, any test of resistance is a short signal. In this case, if resistance 862.14 is being tested, a short signal would exist.

Swing Trading Plans for COST
  • Buy COST slightly over 862.14, target 867.15, Stop Loss @ 859.65 Details
  • If 862.14 begins to break higher, the technical summary data tells us to buy COST just slightly over 862.14, with an upside target of 867.15. The data also tells us to set a stop loss @ 859.65 in case the stock turns against the trade. 862.14 is the first level of resistance above 855, and by rule, any break above resistance is a buy signal. In this case, 862.14, 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 862.14, target 848.01, Stop Loss @ 864.63. Details
  • The technical summary data is suggesting a short of COST if it tests 862.14 with a downside target of 848.01. We should have a stop loss in place at 864.63 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, 862.14, 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 857.18, target 862.14, Stop Loss @ 855.18 Details
  • If 857.18 begins to break higher, the technical summary data tells us to buy COST just slightly over 857.18, with an upside target of 862.14. The data also tells us to set a stop loss @ 855.18 in case the stock turns against the trade. 857.18 is the first level of resistance above 855, and by rule, any break above resistance is a buy signal. In this case, 857.18, 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 857.18, target 848.03, Stop Loss @ 859.18. Details
  • The technical summary data is suggesting a short of COST if it tests 857.18 with a downside target of 848.03. We should have a stop loss in place at 859.18 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, 857.18, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Costco Wholesale Corporation (COST) available here: COST.

COST Ratings for June 28:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 771.74
P2 848.03 848.01 817.06
P3 857.18 867.15 862.14
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AI Generated Signals for COST

COST Long Term Analysis for June 28 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Costco Wholesale Corporation (NASDAQ: COST) data table below can help you with price action, and we have more details too. Trading plans for COST are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.