Costco Wholesale Corporation (NASDAQ: NASDAQ:COST ), together with its subsidiaries, engages in the operation of membership warehouses in the United States, reported fiscal second-quarter sales that topped analysts’ estimates, but earnings missed as costs rose. The membership-based retailer saw revenue rise 9% year-over-year to $63.72 billion, above the analyst consensus from Visible Alpha. However, Costco's net income of $1.79 billion, or $4.02 per share, missed expectations, despite rising from a year earlier. The results came as merchandise costs rose 9%. The period marked the company’s second quarter since its membership fee hike went into effect in September. Revenue from membership fees rose 7% year-over-year to $1.19 billion, though executives previously said they expect the impact on margins to be weighted to the back half of the fiscal year and into fiscal 2026. Technical Outlook Shares of Costco slid 1.5% in after-hours trading Thursday following the release extending the lost to premarket trading hours, with the asset down 2.02% in Friday's premarket session. For Costco shares, the immediate support lies within the 1-month low axis. Should Costco shares face selling pressure the 1-month low should serve as a point of reprieve for Costco shares. With the RSI at 50 a breakout above the 1-month high should spark a bullish reversal for Costco shares respectively.
Can we get to 97k or is that too much? With all the bullish news, we can't even go up, looks weak and wants to check down lower prices. No more buyers left, struggling to reclaim levels. Can't blame it, it was going up for 2 years, but wanted to see that last wave up. We have time till the end of October to end the bull market. oh well....
? The US500 is showing a bearish trend after breaking below a key support level within a tight consolidation range on the 4-hour chart. The price is likely to continue its decline, with the next potential support level at 5,710.
Might sweep high then reject and sell to 2880. wait for confirmation candles.
Strong bearish candle starts the picture painting. MIDAS cross follows, along with divergent RSX now out of OBOS territory. Would you look at that long combo on BB%PCT, now flipping to bearish. Interestingly, VZO and Ehlers Stoch RSI have been chronically divergent along the fifth wave, which is often seen. Fifth wave has often been attributed to traders big and small pushing the price beyond sustainable levels, which gets high lighted by divergences being throw off all over the place.
(1/9) Good afternoon, folks! ☀️ NASDAQ:ZS : Zscaler – Cloud Security Titan or Overhyped Hype Train? With NASDAQ:ZS soaring after smashing earnings, is this cybersecurity champ locking down profits or just riding a digital wave? Let’s crack the code! ? (2/9) – PRICE PERFORMANCE ? • Current Price: Up post-earnings, exact $ TBD ? • Recent Results: Q1 2025 earnings beat estimates, per X buzz ? • Sector Trend: Cloud security demand surging ? It’s a hot streak in a hotter market! ⚡ (3/9) – MARKET POSITION ? • Market Cap: Strong, based on 151.62M shares ? • Operations: Leader in Zero Trust security ⏰ • Trend: posts hail robust growth, per Mar 6 chatter ? Solid, shielding the digital frontier! ? (4/9) – KEY DEVELOPMENTS ? • Earnings Win: Q1 2025 topped forecasts, guidance raised ? • Cloud Security: Demand spikes amid cyber threats ? • Market Reaction: Stock jumped? Thriving, as hackers keep the world on edge! ? (5/9) – RISKS IN FOCUS ⚠️ • Valuation: High P/E could spook investors ? • Competition: Crowded field with CrowdStrike, Palo Alto ? • Macro Shifts: Economic dips might slow spending ❄️ Watch out, risks lurk in the shadows! ?️ (6/9) – SWOT: STRENGTHS ? • Earnings Beat: Q1 2025 growth shines ? • Market Lead: Zero Trust pioneer ? • Demand: Cloud security’s red-hot ? Locked and loaded for the cyber age! ? (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️ • Weaknesses: High valuation, competition pressures ? • Opportunities: Rising cyber threats fuel expansion ? Can it secure the bag or get hacked by rivals? ? (8/9) – ?Zscaler’s riding high post-earnings—your call? ?️ • Bullish: $250+ by summer, cyber’s king ? • Neutral: Holding steady, risks loom ⚖️ • Bearish: $180 drop, hype fades ? Vote below! ? (9/9) – FINAL TAKEAWAY ? Zscaler’s Q1 2025 earnings pop signals strength ?, but high stakes mean volatility’s a shadow friend ?️. Dips? That’s our DCA jackpot ?. Buy low, soar high! Treasure or trap?
On the weekly chart, SKL/USD has been in a prolonged downtrend since its all-time high in 2021. However, the price is now in extreme oversold territory, as indicated by the Relative Strength Index (RSI). Historically, such levels have preceded significant reversals, suggesting that the downside momentum may be exhausted. The current price action is consolidating near a strong support zone around $0.03, which has held firm multiple times in the past. On the daily chart, SKL/USD is showing signs of a potential bottoming pattern. The RSI is also deeply oversold, and the price is trading well below its 200-day moving average, indicating that the asset is undervalued relative to its long-term trend. Skale Network’s fundamentals are stronger than ever, making the current price levels seem disconnected from its growth potential.
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My previous forecast into the high of the rally was for a capitulation from the high, no major retracement in the drop and then once we broke the low - slam to 5500. This trade went well in the first stages. Top where it was expected. Sell off in the style expected. New low as expected - but there has yet to be a big follow through. This failed follow through (even although we are still sitting at the lows right now) makes me worry about the different trap variants of the break I expect. Here's the setup I am looking at. It's a bullish butterfly-like pattern off the high. https://www.tradingview.com/x/zwin1XcN/ I say butterfly-like because it doesn't perfectly fit the rules. C is a new high, for one. But I find this general M type of shape is useful for spotting lows or breaks. I tend to bracket all these things under a "butterfly". I know it's a misterm as per the books, but it serves the purpose I am using it for. Three main things can happen off a butterfly decision. One is the 1.61 breaks and we slam to 2.20. This was the OG forecast of 5500. This is the rarer of the outcomes but it happens so fast there's not time to deal with it - which is why I planned and positioned for this into the rally high. Second thing that can happen it a low. Butterfly can work. All can be well with the world. For a few reasons I don't think that's happening but it's a risk to be aware of. This could be a low. Finally, we have the dead cat and break pattern - the one that is the primary plan for now if we make the bounce. Here's an example of one of those. https://www.tradingview.com/x/NZz10MvP/ Notice how this trades under the support and then puts in a series of small spike out candles - then it makes the bull trap. Stalls a while and then the next break is the actionable one. Look at this little zone - we game this zone on both sides before the move. https://www.tradingview.com/x/2xwJigzq/ These look similar. https://www.tradingview.com/x/Feps2o4F/ If the break does not come now I think we'll see a bull trap atypical to the previous ones in that is moderately breaks the lower highs we've seen in all the previous rallies. Giving bears good reason to puke their positions and bulls good reason to think the low is in. Barcode there for a while and then setup the bigger trade. Ideally here I'd like to make a little money in the rally. Use this to bankroll my speculative OTM puts. Breaks lower are liable to cause an instant pivot to the plan for the run away break - but this bull trap move would be far more befitting of a pre-crash move I think. It really does feel a little too easy right now. Would be so many fewer bears if we made that little spike and stuck stubbornly at the high of it for a while. I've been hitting every rally in SPX since 6150. Done a lot of offloading of my positions yesterday and anything I am holding I have hedged with 580 calls. We may be very close, within months, of a real break - but we might have a big distraction rally to come first. No one has called me names for being a bear of late ... concerning. A good bounce would fix that.
Everything is on the chart If my wave counting is right, we are in the process of Wave 4. It can be retrace back from 38.1% to 50% fib, then we set the buy there to wave 5 Goodluck