ひな☆彡 SOXL ♡ wrote a post · Nov 26, 2024 11:41

TA report - Costco [Nov wk4]

Rating: Hold

Target: 990

We all agree that $Costco (COST.US)$ will likely forver go up during our lifetime. The trend I noticed is that this often gets mispriced just like other stocks, which is often a good opportunity to take profit partially and reinvest back again.

On the 4-hour chart, I would consider that when the price hits above the top Bolinger band, it is mispriced. Eventually, and certainly, it will go back to either the bottom Bolinger band or the 200EMA/200MA line.

My plan is/was, as can be seen above, I took profit for about 30% and will reinvest back here again (so that I can buy a little more then before).

So, I anticipate the pullback right now; what should we do?

Here are my suggestions.

In the next two weeks, it is likely that it will drop down to 950.00 Strike Price.

COST 241206 950.00P (COST241206P950000) Stock Options, News & Quotes - Moomoo

This PUT option will likely be an excellent short-term gain. However, I don't think I will buy the contract because, unfortunately, because of SOXL, I don't have enough capital right now.

After the pull back is complete, you can also add long-call options with the strike price around 960, expiring 1-2 month, and will likely make a good profit as well.

I hope this helps.

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ひな☆彡 SOXL ♡ OP : Ok, so it did touch 950, and 960 Call option would be quite good as I mentioned…. I hope I had more capitals let’s see if this pulls back more…

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ひな☆彡 SOXL ♡

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