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Costco: Where Do The Buyers Come In?

|About: Costco Wholesale Corporation (COST)


Our buy on weakness signal.

Our buy signals.

Let's see if they continue.

Costco (COST) was priced to perfection before earnings and earnings were imperfect. As a result price is dropping to bargain levels. When will the bargain hunters come in? "Let's go to the video tape!" In this case the chart below.

ANSWER: Best case scenario at R2 on the chart around $215.

                Worst case scenario at R1 around $200.

CONCLUSION: We will wait for our buy signals to tell us, when Supply peaks and starts improving.

NOTE: See our free annotated charts and footnotes at
SID2018 model portfolio:
ALSO: check our trades at
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Send me a message and I will tell you when.

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a short position in COST over the next 72 hours.