Elliott Wave Technical Analysis: Costco Wholesale Corp – Tuesday, November 14

Costco Wholesale Corp.,Elliott Wave Technical AnalysisCostco Wholesale Corp.,(): 4h Chart 14 November 23COST Stock Market Analysis: We have been looking for upside into wave 3 as has a three wave move into what seems to be Minor wave 2. Now looking for upside resumption as we managed to break previous highs.  COST Elliott Wave Count: Wave {i} of 3.  COST Technical Indicators: Above all averages.COST Trading Strategy: Looking for longs on the pullback in wave {ii}.(Click on image to enlarge)Costco Wholesale Corp.,  COST: 1-hour Chart 14 November 23Costco Wholesale Corp.,  Elliott Wave Technical Analysis COST Stock Market Analysis: We see a potential five wave move into wave {i} as we are now seeing some RSI divergence which could reflect the potential wave (v) we are in, as well as we hit 580$.COST Elliott Wave count:  Wave (v) of {i}.COST Technical Indicators: Above all averages.COST Trading Strategy: Looking longs on the pullback in wave {ii}.(Click on image to enlarge)More By This Author:

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