Costco Wholesale may rise to 897.00 - 908.00

Our pivot point stands at 840.

Our preference

As long as 840 is support look for 897.

Alternative scenario

Below 840, expect 822 and 811.

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 above both its 20 and 50 day moving average (respectively at 852.3915 and 805.3832).

Supports and resistances

920 **

908 *

897 **

886

862.66 (USD-last)

847

840 **

822 *

811 **

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