Costco Wholesale may fall to 813.00 - 828.00

Our pivot point stands at 906.

Our preference

Target 828.

Alternative scenario

Above 906, look for 932 and 948.

Comment

The RSI is below 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 trading under its 20 day moving average (897.145) but above its 50 day moving average (873.9186).

Supports and resistances

948 **

932 *

906 **

895

883.11 (USD-last)

844

828 **

813 *

797 **

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