Tag: Costco

Costco: ⬇️ Sell – Costco broke the support area – Likely to fall to support level 940.00 Costco recently broke the support area located between the pivotal support level 970.00 and the 50% Fibonacci correction of the upward impulse from April. The breakout of this support area accelerated the C-wave of the active ABC correction […]

Costco: ⬇️ Sell – Costco reversed from the resistance zone – Likely to fall to support level 985.00 Costco recently reversed down sharply from the resistance zone located between the key resistance 1080.00 (which stopped the previous impulse wave 5) and the upper weekly Bollinger Band. The downward reversal from this resistance zone stopped the earlier weekly […]

Costco: ⬆️ Buy – Costco broke resistance level 1020.00 – Likely to rise to resistance level 1080.00 Costco recently broke the resistance level 1020.00, which stopped the previous waves 1 and (b), as can be seen from the daily Costco chart below. The breakout of the resistance level 1020.00 accelerated the active impulse waves 3 and (3). […]

• Costco falling inside impulse waves 5 and (C)• Likely to reach support level 400.00 Costco continues to fall inside the sharp downward impulse waves 5 and (C), which previously broke through the two strong support levels 470.00 (January’s low) and 435.00 (October Low). The breakout of these support levels added to the bearish pressure […]

• Costco broke resistance level 526.40 • Likely to rise to resistance level 560.00 Costco continues to rise after the earlier breakout of the resistance level 526.40 (top of the previous waves (B) and (1)). The breakout of the resistance level 526.40 accelerated the active medium-term impulse wave (3). Given the clear daily uptrend – […]