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Buy Costco Wholesale Corporation | NASDAQ COST | Naranj Capital

SHORT TERM TRADING ADVICE IN USA

 BUY   Costco Wholesale Corporation (NASDAQ: COST)

Costco Wholesale Corporation (NASDAQ: COST) STOCK RECOMMENDATION

Idea BUY
Buy Range 1035 – 1050
Target 1101 – 1110
StopLoss* below 1010
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 1035 – 1050 1101 – 1110 below 1010 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Costco Wholesale Corporation (NASDAQ: COST) STOCK OVERVIEW

Costco Wholesale Corporation operates membership warehouses in various countries including the United States, Canada, Mexico, Japan, and several others. They provide a wide range of products, from groceries and electronics to furniture and jewelry. In addition to their physical locations, Costco also offers online services such as business delivery and travel bookings. Founded in 1976, the company is headquartered in Issaquah, Washington.

Stock Data
NASDAQ Symbol COST
Sectoral Index Consumer Discretionary
52 Weeks High 919
52 Weeks Low 533

Costco Wholesale Corporation (NASDAQ: COST) - RELATIVE STRENGTH

COST - RELATIVE STRENGTH

Relative Performance - Last 1 Year

COST —     NASDAQ —

Costco Wholesale Corporation (NASDAQ: COST) - DAILY TECHNICAL ANALYSIS

Costco Wholesale Corporation (NASDAQ: COST) - Technical Analysis (Daily)
  • The stock price is showing a robust upward trend, moving within an ascending parallel channel.
  • Following a breakout from the rounding bottom pattern, the price surged to reach an all-time high.
  • After a slight pullback, the price is once again climbing and is anticipated to maintain this upward momentum.

Costco Wholesale Corporation (NASDAQ: COST) - RSI

COST - RSI
Costco Wholesale Corporation (NASDAQ: COST) - RSI
  • Current RSI of this stock is 65.76, which indicates the strength of buyers.

Costco Wholesale Corporation (NASDAQ: COST) - EMA Cross

COST - EMA CROSS
Costco Wholesale Corporation (NASDAQ: COST) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Costco Wholesale Corporation (NASDAQ: COST) - OBV

COST - OBV
Costco Wholesale Corporation (NASDAQ: COST) - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying.

CONCLUSION - Costco Wholesale Corporation (NASDAQ: COST) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Costco Wholesale Corporation stock price target will be USD 1101 – USD 1110 in the next 12-14 trading sessions.

Costco Wholesale Corporation (NASDAQ: COST) TRADINGVIEW POSITION UPDATE

Buy Costco Wholesale Corporation by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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