By
Peter Mathers
of
Trading Lounge
Tuesday, September 27, 2022 6:52 AM EST
Cost Co Wholesale Corp., Elliott Wave Technical Analysis
Cost Co Wholesale Corp.,(COST:NASDAQ): Daily Chart, September 27 2022,
COST Stock Market Analysis: Unfolding as predicted in the last forecast. Looking for continuation lower
COST Elliott Wave count: (iii) of {iii}
COST Trading Strategy: Looking to place shorts wave (iv) as well as any three wave upside move.
COST Technical Indicators: We are below the averages which could eventually turn out to act as resistance.
(Click on image to enlarge)
Cost Co Wholesale Corp., COST: 4-hour Chart, September 27 2022
Cost Co Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: Looking for a pretty directional wave (iv) as wave (ii) was more of a sideways correction.
COST Elliott Wave count: (iii) of {iii}
COST Technical Indicators: The 20 EMA(red line) could keep acting as resistance.
COST Trading Strategy: Looking for short term shorts, eventually using the 20EMA as resistance.
(Click on image to enlarge)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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