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Trading idea for Costco Wholesale Corp. (NASDAQ) 18.12.2020

The trading plan is drawn up using price channels and modified wave analysis for the Smart Trading trading system.

Costco Wholesale Corp. (NASDAQ)

#COST

The overall trend is upward. The stock is trading in the range of the lower border of the rising price channel. On the H4 timeframe, a …

AUDCHF analysis

Analytics based on price channels, Fibonacci levels, and modified wave analysis for the Smart Trading system.

On the weekly timeframe, the bulls tested the upper border of the descending price channel and the mirror historic level 0.6750. Stochastic Oscillator signals an overbought condition.

On the D1 timeframe, D1 and …

AUDUSD technical analysis

The pair is trading above 0.7575 and 0.7600. The pair will be supported by the chronic weakness of the US dollar amid the Fed's monetary policy, strong demand stocks and expectations of a new stimulus package from the Congress.

Technical side:

The price is above the upper Bollinger band, …

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