Costco Wholesale may rise to 938.00 - 954.00

Our pivot point stands at 849.

Our preference

The upside prevails as long as 849 is support.

Alternative scenario

The downside breakout of 849 would call for 819 and 803.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 846.7855 and 850.598).

Supports and resistances

972 **

954 *

938 **

920

879.21 (USD-last)

860

849 **

819 *

803 **

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