Costco Wholesale $COST Trading Report

August 25, 2023, 14:15 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COST

• Buy COST slightly over 519.57 target 552.30 stop loss @ 518.07 Details

The technical summary data tells us to buy COST near 519.57 with an upside target of 552.30. This data also tells us to set a stop loss @ 518.07 to protect against excessive loss in case the stock begins to move against the trade. 519.57 is the first level of support below 531.77 , and by rule, any test of support is a buy signal. In this case, support 519.57 is being tested, a buy signal would exist.

• Short COST slightly under 552.30, target 519.57, stop loss @ 553.9 Details

The technical summary data is suggesting a short of COST as it gets near 552.30 with a downside target of 519.57. We should have a stop loss in place at 553.9though. 552.30 is the first level of resistance above 531.77, and by rule, any test of resistance is a short signal. In this case, if resistance 552.30 is being tested, a short signal would exist.

Swing Trading Plans for COST

• Buy COST slightly over 541.43, target 552.30, Stop Loss @ 539.87 Details

If 541.43 begins to break higher, the technical summary data tells us to buy COST just slightly over 541.43, with an upside target of 552.30. The data also tells us to set a stop loss @ 539.87 in case the stock turns against the trade. 541.43 is the first level of resistance above 531.77, and by rule, any break above resistance is a buy signal. In this case, 541.43, 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 541.43, target 530.35, Stop Loss @ 542.99. Details

The technical summary data is suggesting a short of COST if it tests 541.43 with a downside target of 530.35. We should have a stop loss in place at 542.99 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, 541.43, 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 536.12, target 541.43, Stop Loss @ 534.87 Details

If 536.12 begins to break higher, the technical summary data tells us to buy COST just slightly over 536.12, with an upside target of 541.43. The data also tells us to set a stop loss @ 534.87 in case the stock turns against the trade. 536.12 is the first level of resistance above 531.77, and by rule, any break above resistance is a buy signal. In this case, 536.12, 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 536.12, target 531.58, Stop Loss @ 537.37. Details

The technical summary data is suggesting a short of COST if it tests 536.12 with a downside target of 531.58. We should have a stop loss in place at 537.37 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, 536.12, 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.

This is a snapshot. Real Time Updates are available on our COST Page.

COST Ratings for August 25:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	486.84
P2	531.58	530.35	519.57
P3	536.12	541.43	552.30

Support and Resistance Plot Chart for COST

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This Costco Wholesale (NASDAQ: COST) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for COST change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if COST is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for COST too.  All of these are offered below the Summary Table.