Costco Wholesale may rise to 960.00 - 976.00

870 is our pivot point.

Our preference

As long as 870 is support look for 960.

Alternative scenario

Below 870, expect 843 and 827.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (895.1645) but above its 50 day moving average (879.9468).

Supports and resistances

994 **

976 *

960 **

944

893.4907 (USD-last)

881

870 **

843 *

827 **

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