Costco Wholesale may rise to 904.00 - 916.00

Our pivot point stands at 832.

Our preference

As long as 832 is support look for 904.

Alternative scenario

The downside breakout of 832 would call for 811 and 799.

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 835.6395 and 783.7934).

Supports and resistances

929 **

916 *

904 **

892

848.31 (USD-last)

840

832 **

811 *

799 **

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