Dropping this one because I like Costco haha.

COST Setup

• Price action: COST trading around $943–968, building a multi-month base with repeated support tests near $930–940. Resistance overhead sits in the $1,020–1,050 zone.

• Chart context: VWAP (red) is flat, acting as the balance point. Blue bands (±1 SD) show price coiling at the lower half of the range. The series of rounded lows (triple-bottom look) suggests accumulation.

• Volume profile: Heavy volume at $940–950 (support zone). Above $1,020, there’s thinner volume — leaving room for acceleration toward $1,080–1,100.

Scenarios:

• Bull: Hold $940 support → breakout over $1,020 → rally toward $1,080–1,100.

• Bear: Lose $930 → risk a slide into the $875–900 pocket.

Key watch: Does Costco hold the $940 base into October, or do sellers crack it? The resolution of this multi-month coil likely sets the next directional leg.

Base case: Range-bound trade $940–1,020 with upside bias if support continues to hold.

-Roy

AE Report