Technical Pulse: Costco Shipping Holdings Co ltd January 3, 2022 339


Costco Shipping Holdings (HKEX: 1919) Upside has met our target price 1 based on our report dated 26th October 2021. Wave and technicals indicate that there will be another upside rally:   


  1. The break of the larger corrective WXY bullish flag confirmed the uptrend. Though the stock has yet to break the high of HK$17.57, the sub-minor wave indicates that wave 5 is yet to be completed.
  2. The ascending triangle upper boundary is consolidating within the said major resistance zone at HK$14.74-HK$15.37. This pattern is highly indicative of a bullish continuation trend.
  3. The Ichimoku indicator is showing a clear uptrend, with the Senkou-Span A gently sloping up.



*Expected timeline of the trade is 25 weeks from the date of report issuance.





Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line

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