Learn to Evaluate (COST) using the Charts
June 18, 2024, 10:32 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COST
- Buy COST slightly over 852.29 target n/a stop loss @ 849.83. Details
The technical summary data tells us to buy COST near 852.29, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 849.83 to protect against excessive loss in case the stock begins to move against the trade. 852.29 is the first level of support below 868.9, and by rule, any test of support is a buy signal. In this case, if support 852.29 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for COST
- Buy COST slightly over 873.83, target n/a, Stop Loss @ 871.31 Details
If 873.83 begins to break higher, the technical summary data tells us to buy COST just slightly over 873.83, with an upside target of n/a. The data also tells us to set a stop loss @ 871.31 in case the stock turns against the trade. 873.83 is the first level of resistance above 868.9, and by rule, any break above resistance is a buy signal. In this case, 873.83, 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 873.83, target 854.75, Stop Loss @ 876.35. Details
The technical summary data is suggesting a short of COST if it tests 873.83 with a downside target of 854.75. We should have a stop loss in place at 876.35 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, 873.83, 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 873.83, target n/a, Stop Loss @ 871.79 Details
If 873.83 begins to break higher, the technical summary data tells us to buy COST just slightly over 873.83, with an upside target of n/a. The data also tells us to set a stop loss @ 871.79 in case the stock turns against the trade. 873.83 is the first level of resistance above 868.9, and by rule, any break above resistance is a buy signal. In this case, 873.83, 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 873.83, target 865.1, Stop Loss @ 875.87. Details
The technical summary data is suggesting a short of COST if it tests 873.83 with a downside target of 865.1. We should have a stop loss in place at 875.87 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, 873.83, 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 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
761.31 |
| P2 |
853.46 |
854.75 |
806.91 |
| P3 |
865.1 |
873.83 |
852.29 |
AI Generated Signals for COST
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Costco Wholesale Corporation (NASDAQ: COST) report below can help you understand how to do this. The trading plans for COST, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COST:
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