CostCo Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis September 27 2022

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)


More By This Author:

Bitcoin Elliott Wave BTC Bounce To $21,000 - Tradinglounge
Ethereum(ETHUSD) Elliott Wave Technical Analysis 26 September 2022
SP500 Elliott Wave Analysis - Bear Market Corrective Rally Wave Iv)

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with