07Nov

Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 7 November 23

Costco Wholesale  Corp., Elliott Wave Technical Analysis

Costco Wholesale  Corp., (COST:NASDAQ): 4h Chart 7 November 23

COST Stock Market Analysis: We have been stuck in this correction in wave 2 for a while, as it became a double correction. It looks like we could have found support on 550$ and we are now resuming higher. Invalidation would stand on the bottom of wave 2.  

COST Elliott Wave Count: Wave {i} of 3.  

COST Technical Indicators: In between averages.

COST Trading Strategy: Looking for upside into wave 3.  

TradingLounge Analyst: Alessio Barretta

Source: Tradinglounge.com get trial here!

Costco-Stock-4Hour-c...

 


 

Costco Wholesale  Corp., COST: 1-hour Chart 7 November 23

Costco Wholesale  Corp., Elliott Wave Technical Analysis

COST Stock Market Analysis: We are looking at wave {i} unfolding to the upside. Given the steepness of the up move, it seems to be trend establishing. Looking for a series of threes and fours.  

COST Elliott Wave count:  Wave iii of (iii).

COST Technical Indicators: Above all averages, 20 and 200EMA crossed.  

COST Trading Strategy: Looking for longs into wave {i}.

Costco-Stock-1Hour-c...

 

Related

CAC 40 (France) Elliott Wave Analysis: Bullish Trend, Trading Strategy, Price Movement, Wave Structure & Key Support Levels

CAC 40 (France) Elliott Wave Analysis: Bullish Trend, Trading Strategy, Price Movement, Wave Structure & Key Support Levels

CAC 40 Elliott Wave Analysis provides a detailed technical breakdown of the French stock market inde...

Read More >
Insights on Berkshire Hathaway Inc Stock Trends and Forecasts: BRK.B Stocks Elliott Wave Technical Analysis

Insights on Berkshire Hathaway Inc Stock Trends and Forecasts: BRK.B Stocks Elliott Wave Technical Analysis

This article delves into the Elliott Wave analysis of Berkshire Hathaway Inc. (BRK.B), focusing on d...

Read More >
XRP Elliott Wave Analysis: XRPUSD Price Forecast, Ripple Trading Strategy, Daily and H4 Chart Update for Crypto Traders

XRP Elliott Wave Analysis: XRPUSD Price Forecast, Ripple Trading Strategy, Daily and H4 Chart Update for Crypto Traders

Get the latest XRP Elliott Wave analysis for daily and H4 charts, covering XRP price prediction, tra...

Read More >
Britannia Industries Stock Forecast & Elliott Wave Technical Analysis – Price Targets & Trading Strategies

Britannia Industries Stock Forecast & Elliott Wave Technical Analysis – Price Targets & Trading Strategies

Britannia Industries has shown promising momentum with bullish patterns reflected through Elliott Wa...

Read More >
Master the Euro/U.S. Dollar Forex Market: Advanced EURUSD Elliott Wave Technical Analysis for Precision Trading on Day and 4-Hour Charts

Master the Euro/U.S. Dollar Forex Market: Advanced EURUSD Elliott Wave Technical Analysis for Precision Trading on Day and 4-Hour Charts

Gain a thorough understanding of the EURUSD market with our detailed Elliott Wave analysis. This art...

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