Today we will analyze the stock Costco Wholesale Corporation (COST) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Costco Wholesale Corporation (COST)
1- Last bearish trend was from 84.66 $ (12/23/2011) to 79.01 $ (1/9/2012) a 5.65 $ move 2- The current bullish trend started from 79.01 $ at 1/9/2012 and is currently trading at 83.22 $.
3- COST current support level is at 82.50 which is the 61.80 % fibonacci retracement of the last 5.65 $ move.
4- COST current resistance level is at 84.66 which is the 100.00 % fibonacci retracement of the last 5.65 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Costco Wholesale Corporation (COST) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 79.010 and 82.060,resistance between 84.660 and 88.060 which was broken up at 81.420.
Costco Wholesale Corporation (COST) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 78.790 and 70.190 that was broken down at 87.470 transforming into a resistance line.
Costco Wholesale Corporation (COST) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 70.190 and 53.240, and is currently supporting at 77.808.

Stock Trading Conclusion:
Costco Wholesale Corporation (COST) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 84.66, 86.20, 88.15, 95.36.
Stock Support levels : 82.50, 82.23, 81.84, 81.61, 81.17, 81.12, 80.62, 80.34, 79.01, 78.12,.