Costco Wholesale may rise to 945.00 - 967.00

Our pivot point stands at 840.

Our preference

The upside prevails as long as 840 is support.

Alternative scenario

Below 840, expect 805 and 783.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 834.0245 and 846.8126).

Supports and resistances

989 **

967 *

945 **

923

877.43 (USD-last)

855

840 **

805 *

783 **

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