Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq.
COST favors bullish weekly sequence & expect to remain supported in 3, 7 or 11 swings pullback to extend higher. Short term, it favors upside in ((3)) of III of (I).
COST – Elliott Wave Latest Daily View: 
In Weekly sequence, it placed ((I)) at $612.27 high in April-2022 as impulse sequence since all time lows. It ended corrective pullback of ((II)) at $406.51 low in May-2022 as sharp pullback. It already broke to new high above ((I)), calling for further upside in ((III)) sequence in weekly. It placed I of (I) of ((III)) at $564.75 high. It ended 3 swing corrective pullback in II at $447.90 low in January-2023. Above there, it placed ((2)) pullback of III at $465.33 low in March-2023. Currently, it favors upside in ((3)) of III & expect one more push higher in (5) to finish it, while dips remain above $697.27 low.
COST – Elliott Wave Latest Weekly View: 
Within ((3)), it placed (1) at $576.19 high in October-2023 & (2) at $540.23 low in late October-2023 as shallow pullback. Above there, it placed (3) at $787.08 high & (4) at $697.27 low. Currently, it favors upside in 3 of (5), while placed 2 of (5) at $702 low. It needs to break above (3) high of 787.08 to be a (5) to finish ((3)) & extend towards $808.44 – $843 area before it may pullback in ((4)). It expects series of third & fourth waves in weekly to finish (I) of ((III)).
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