Costco Wholesale may fall to 743.00 - 759.00

Our pivot point stands at 844.

Our preference

The downside prevails as long as 844 is resistance.

Alternative scenario

Above 844, look for 873 and 890.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 851.601 and 838.553).

Supports and resistances

890 **

873 *

844 **

834

817.6 (USD-last)

776

759 **

743 *

726 **

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