Costco Wholesale may rise to 939.00 - 953.00

Our pivot point is at 866.

Our preference

As long as 866 is support look for 939.

Alternative scenario

Below 866, expect 841 and 827.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 888.966 and 889.7492).

Supports and resistances

967 **

953 *

939 **

924

893.49 (USD-last)

875

866 **

841 *

827 **

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