Costco Wholesale Corp., Elliott Wave Technical Analysis
Costco Wholesale Corp.,(COST:NASDAQ): 4h Chart 14 November 23
COST Stock Market Analysis: We have been looking for upside into wave 3 as has a three wave move into what seems to be Minor wave 2. Now looking for upside resumption as we managed to break previous highs.
COST Elliott Wave Count: Wave {i} of 3.
COST Technical Indicators: Above all averages.
COST Trading Strategy: Looking for longs on the pullback in wave {ii}.
TradingLounge Analyst: Alessio Barretta
Source: Tradinglounge.com get trial here!
Costco Wholesale Corp., COST: 1-hour Chart 14 November 23
Costco Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: We see a potential five wave move into wave {i} as we are now seeing some RSI divergence which could reflect the potential wave (v) we are in, as well as we hit 580$.
COST Elliott Wave count: Wave (v) of {i}.
COST Technical Indicators: Above all averages.
COST Trading Strategy: Looking longs on the pullback in wave {ii}.
