Costco Wholesale may rise to 900.00 - 916.00

820 is our pivot point.

Our preference

As long as 820 is support look for 900.

Alternative scenario

Below 820, expect 793 and 777.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (860.244) but above its 50 day moving average (827.8864).

Supports and resistances

931 **

916 *

900 **

884

850.77 (USD-last)

831

820 **

793 *

777 **

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