Costco Wholesale may fall to 777.00 - 792.00

Our pivot point stands at 871.

Our preference

Target 792.

Alternative scenario

Above 871, look for 897 and 912.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (856.3335) but above its 50 day moving average (834.609).

Supports and resistances

912 **

897 *

871 **

860

847.42 (USD-last)

808

792 **

777 *

761 **

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