Costco Wholesale may rise to 921.00 - 942.00

Our pivot point stands at 811.

Our preference

Our next up target stands at 921.

Alternative scenario

The downside breakout of 811 would call for 776 and 756.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 829.8555 and 842.8022).

Supports and resistances

963 **

942 *

921 **

900

854.93 (USD-last)

824

811 **

776 *

756 **

Number of asterisks represents the strength of support and resistance levels.