Is Costco Stock Topping Out? Key Price Levels To Watch

Core Viewpoint - Costco is currently in Phase 11 of its 18-phase Adhishthana Cycle, suggesting a potential peak formation after a strong rally, with the stock declining approximately 11% from its all-time high of $1078.23 [1][6]. Weekly Chart Analysis - Costco confirmed a breakout from its Cakra formation in Phase 9, leading to a rally of approximately 23% [4]. - In Phase 10, the stock surged an additional 66%, indicating continued upward momentum without forming a peak [4]. - Phase 11 saw the stock reach an all-time high of $1078.23, but it has since failed to reclaim that level, suggesting a possible peak has been formed [6][5]. Monthly Chart Analysis - On the monthly chart, Costco is in Phase 12, having also broken out of its Cakra in Phase 9 and rallied through Phases 10 and 11 [9]. - Uniquely, the stock did not form a peak in either Phase 10 or 11, which is rare according to the Adhishthana framework [9]. - The last bar of Phase 11 is critical; if it confirms the peak at $1078.23, it would indicate a potential end to the rally [10]. Investor Outlook - Investors should monitor the $893.62 level, which is the Phase 10 high; breaking this level could confirm the beginning of a descent [11]. - If the stock breaches $1078.23, it would indicate that the rally continues, potentially entering a more powerful phase [12].