Costco Wholesale Company., (COST) engages within the operation of membership warehouse in america & globally along with its subsidiaries. It gives branded & private-label merchandise within the vary of merchandise classes. It additionally operates e-commerce web sites within the US, Canada, UK & many different nations. It comes underneath Shopper Defensive sector & trades as “COST” ticker at Nasdaq.
In weekly, COST is bullish nested impulse sequence & anticipate rally towards Might-2022 low, whereas dips stay above $844.06 low. It’s shut to interrupt above February-2025 excessive of $1080. As soon as it breaks above that degree, consumers can buy the pullback for concentrating on $1515 or increased.
COST – Elliott Wave Newest Weekly View:
It ended ((I)) in weekly at $612.27 excessive in April-2022 & ((II)) at $406.51 in Might-2022. Above there, it ended (I) of ((III)) at $1078.23 excessive in February-2025 excessive & (II) at $844.06 low. Inside (I), it positioned I at $564.75 excessive, II at $447.90 low, III at $1008.25 excessive, IV at $902 low & V at $1078.23 excessive as (I). Inside III, it ended ((1)) at 530.05 excessive, ((2)) at $465.33 low, ((3)) at $923.83 excessive, ((4)) at $867.16 low & ((5)) at $1008.25 excessive. The (I) was having prolonged III wave, which signifies the energy of the development. In (II) pullback, it ended w at $871.71 low, x at $1067.08 excessive & y at $844.06 low in blue field space.
COST – Elliott Wave View From 1.26.2026:
Above (II) low, it favors rally in I of (III), which confirms above 2.10.2025 excessive. Above $844.06 low, it ended ((1)) of I at $1028.44 & ((2)) as flat correction at $966 low. It positioned (A) of ((2)) at $960.46 low, (B) at $1035.82 excessive & (C) at $966 low. It already broke above ((1)) excessive, favoring upside in (1) of ((3)). It expects two or extra highs inside 4.13.2026 rally to increase (1) earlier than correcting subsequent. The ((3)) can lengthen into $1149.3 – 1262.4 space earlier than correcting in ((4)). As soon as it breaks above February-2025 excessive, we like to purchase the pullback in 3, 7 or 11 swings at extremes. If it fail to interrupt above February-2025 excessive, it will possibly stay uneven or do bigger correction in (II) if breaks beneath Dec-2025 low.
Supply: https://elliottwave-forecast.com/stock-market/cost-looking-break-for-targeting-1515/