Costco Wholesale may rise to 889.00 - 900.00

Our pivot point stands at 833.

Our preference

As long as 833 is support look for 889.

Alternative scenario

The downside breakout of 833 would call for 815 and 804.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 846.6405 and 796.7538).

Supports and resistances

910 **

900 *

889 **

879

849.99 (USD-last)

840

833 **

815 *

804 **

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