Costco Wholesale may fall to 818.00 - 833.00

Our pivot point is at 912.

Our preference

Target 833.

Alternative scenario

The upside breakout of 912 would call for 939 and 954.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (892.5275) but above its 50 day moving average (886.0116).

Supports and resistances

954 **

939 *

912 **

902

887.38 (USD-last)

849

833 **

818 *

802 **

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