Costco Wholesale Corp. (NASDAQ) Analysis, Chart, and Trading Idea

#COST
 

The trend is descending. The stock is trading in the range between 365 and 135 EMA. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Buy at the formation of the downward wave structure, where the (A) wave breaches the sloping channel of the ascending truncated structure;

Stop-loss: 499.75;

Target price levels: 481.00, 468.63.