Today we will analyze the stock Bj’s Wholesale Club (BJ) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Bj’s Wholesale Club (BJ)
1- Last bearish trend was from 50.93 $ (7/22/2011) to 47.95 $ (8/8/2011) a 2.98 $ move 2- The current bullish trend started from 47.95 $ at 8/8/2011 and is currently trading at 51.24 $.
3- BJ current support level is at 50.93 which is the 100.00 % fibonacci retracement of the last 2.98 $ move.
4- BJ current resistance level is at 51.74 which is the 127.20 % fibonacci retracement of the last 2.98 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Bj’s Wholesale Club (BJ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 6.640 $ height triangle which was broken up at 50.340 in higher than usual volume, target of the pattern is 56.980.
Bj’s Wholesale Club (BJ) Mid term stock chart patterns for internet stock trading :

None.
Bj’s Wholesale Club (BJ) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 45.550 and 43.010, and is currently supporting at 47.475.

Stock Trading Conclusion:
Bj’s Wholesale Club (BJ) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 51.74, 52.77, 56.98.
Stock Support levels : 50.93, 50.46, 49.98, 49.79, 49.60, 49.56, 49.44, 49.21, 49.09, 48.65, 47.95,.