Costco Breaking Out?

Retail Giant Shows Multiple Bullish Signals‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"With its compelling technical setup and strong fundamentals, I believe COST could push toward 52-week highs." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Today we're looking at a retail powerhouse that's been making headlines for an unusual reason - they can't keep gold bars in stock. I'm talking about Costco (NASDAQ: COST), and while the gold story is fascinating, the technical setup is what really caught my attention. First, let's look at the big picture. COST is trading near its 52-week highs, showing remarkable strength while many retailers struggle. This isn't just random - there's a method to this momentum. The technical picture is particularly compelling right now: Daily Squeeze Pattern: We're seeing a compression pattern forming on both the daily and 195-minute charts. Think of it like a pressure cooker - when the lid finally pops, the move can be explosive. The energy is building, and when it releases, we could see a significant price movement. Urgent Election Blueprint This election could have a huge effect on your wealth. But Alexander Green has a bold prediction... He says if you prepare now, it won't matter who wins... so long as you utilize what he calls "the perfect election strategy." "I've used this strategy to outperform the market by up to 578% every single year following an election since 2004." - Alexander Green He's going live with the details at his free online election event October 29 at 2 p.m. Eastern. Reserve your free spot here. I was able to detect this using the S.A.M. AI Scanner. Stacked EMAs: The Exponential Moving Averages are aligning beautifully on both daily and weekly timeframes. Imagine a series of support levels, each one reinforcing the next, creating a strong foundation for potential upward movement. Although I base the majority of my trading decisions based on the technicals…the fundamental backdrop adds weight to this technical setup: Gold bars are flying off shelves, with 77% of surveyed locations sold out Estimated $200M monthly in gold sales according to Wells Fargo Global expansion continues with new locations in South Korea, Japan, Spain, and Mexico Strong membership renewal rates and rising profit margins In addition, the company isn't set to report earnings until December. Its 52-week high sits at $923.83, and its shares have recovered after a mild sell-off from its late September earnings release, and is now trading near $900 per share. Your Action Plan: Yesterday I took a position in COST via call options in my Daily Profits Live Trading Room. Now, for most people, trading a $900 stock is out of the question. But with the way I like to play "lottos" I was able to buy calls for as low as $177 on the $910 strike expiring this Friday. I'm betting that we see a pop in COST between now and then. I know, it's not a lot of time. But these low-cost option trades have incredible upside when they work. For example, I've been able to hit winners of 100%, 287%, and even 1,129% utilizing this strategy. One big winner has the ability to makeup for several losing trades. If you'd like to learn more about how I trade and the Daily Profits Live Trading Room I run, click here to find out more. Trump to send Dow to 75,000? Details here The weekly Fox Business contributor who famously predicted the first Trump Stockwave back in 2016 expects the DOW could soon soar to 75,000... Giving Smart American Patriots an opportunity to build generational wealth after four years of failed Biden-Harris policies. It's all thanks to a Trump document codenamed "Document 20". [See the explosive "Document 20" details here] Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. 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