01Nov

Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 1 November 23

Costco Wholesale Corp., Elliott Wave Technical Analysis

Costco Wholesale Corp., (COST:NASDAQ): 4h Chart 1 November 23

COST Stock Market Analysis: We have been looking for upside continuation after the completion of the triangle in wave (4). At this stage we have been forecasting a flat correction into wave 2, confirming the overall upside trend.

COST Elliott Wave Count: Wave {c} of 2.  

COST Technical Indicators: 200EMA as support.  

COST Trading Strategy: Looking for longs into wave 3 with invalidation at 477$.

TradingLounge Analyst: Alessio Barretta
Source: Tradinglounge.com get a trial here!

NASDAQ-Stock-stocks-...

Costco Wholesale Corp., COST: 1-hour Chart 1 November 23

Costco Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: It looks like we have had a five wave move into wave {c} as you can see on the chart. We reacted strongly and we are trying to find support on the 550$. Looking for upside confirmation into wave {i}.  

COST Elliott Wave count:  Wave (i) of {i}.

COST Technical Indicators: 20EMA as support.

COST Trading Strategy: Looking for longs into wave {i} after a clear five wave move.  ​​​​

NASDAQ-Stock-stocks-...

Related

Watch The Ongoing Developments in Hero MotoCorp’s Share Price: HERO Stocks Elliott Wave Technical Analysis

Watch The Ongoing Developments in Hero MotoCorp’s Share Price: HERO Stocks Elliott Wave Technical Analysis

Explore the latest Hero MotoCorp stock analysis using Elliott Wave theory and technical indicators. ...

Read More >
GX Uranium Commodity Elliott Wave Technical Analysis: ETF's Price Trends, Long-term Forecast, and Key Buy Signals

GX Uranium Commodity Elliott Wave Technical Analysis: ETF's Price Trends, Long-term Forecast, and Key Buy Signals

The GX Uranium ETF offers investors a unique opportunity in the uranium sector, supported by rising ...

Read More >
Unlocking ASX Trading Success: MACQUARIE GROUP LIMITED - MQG Elliott Wave Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: MACQUARIE GROUP LIMITED - MQG Elliott Wave Analysis & Elliott Wave Technical Forecast

Our latest ASX MQG Elliott Wave analysis provides insights into Macquarie Group Limited's stock ...

Read More >
British Pound/Japanese Yen (GBPJPY) Forex Elliott Wave Technical Analysis: Analyzing Daily or 4-hour Charts for Effective Trading

British Pound/Japanese Yen (GBPJPY) Forex Elliott Wave Technical Analysis: Analyzing Daily or 4-hour Charts for Effective Trading

This article provides an in-depth GBPJPY Elliott Wave analysis, focusing on counter-trend and bearis...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on