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COST trade ideas

Should We Fill Our Oversized Cart 🛒 With COST? | COSTCO ($COST)🔥🛒🔥 Costco's fundamentals have us thinking about buying enough COST to feed a family of 8... but do we really need all this COST now? While the trend looks good, Costco isn't as cut and dry as some other COVID impacted stocks. Still, we expect revenue and earnings to be up again since last quarter and we expect people getting back to life after COVID to choose Costco. This should ultimately give COST a boost, and that has us looking at some levels for bulls who want to buy COST like a way too big tub of dip. First, before we look for lower levels, we need to be aware of R1. R1 is currently acting as resistance but should flip and act as support if and when COST can break above it. Below we have S1 - S3 for support. S1 is the first place to look for support if the broader market pulls COST down, if earnings are underwhelming, or if we generally see consolidation before a move up for any reason. S2 - S3 are levels to watch if S1 can't hold. Our general theory on COST can be seen in the chart. We are looking for similar price action here that was seen back in 2018 - 2019, that is a move up, consolidation, and another move up to new highs. We expect COST to continue its uptrend ultimately, and that means we are looking for a pullback to S1 or S2. Lastly, while there is more support below, a move below S3 could make COST a much less attractive prospect for the bulls. The bottomline here is this, we are bullish on Costco and expect earnings to be impressive, but we want to look for longs after a correction or after we break above current ATH's, not at as we consolidate under resistance. Resource: www.earningswhispers.com + www.foxbusiness.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Good luck traders!
NASDAQ:COST
by AlphaBotSystem
Costco is a long term holdCostco is consistently increasing their revenues as they are continually expanding and growing popularity. I can’t see this stock loosing revenue any time soon. Their cash flow is high and they are a recession proof stock because they make 75% of their income through memberships and I don’t think people are going to stop shopping there anytime soon. Their expected to grow at 8% every year and have a good amount of assets for their book value. Yes their P/E of 36 is expensive but combined with their dividend and their consistent growth I don’t see how you can loose money on it in the long term.
NASDAQ:COSTLong
by BlueFlamingo
3
Costco Next Target: $310 Short, then $325First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Costco has surged recently, and I been wanting to do an analysis for Costco for a while (I wonder why). That being said, the next target for what I would say Monday or Tuesday is $310. The weekly threshold target I am hoping it would pass with mid risk is $325. Right now I am mostly bullish as many analyst are seemingly giving it buy signals.
NASDAQ:COSTShort
by gamer456148
2