Today we will analyze the stock COSTCO WHSL (CTO.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in COSTCO WHSL (CTO.SG)
1- Last bullish trend was from 62.61 $ (2/24/2012) to 69.52 $ (3/16/2012) a 6.91 $ move 2- The current bearish trend started from 69.52 $ at 3/16/2012 and is currently trading at 63.73 $.
3- CTO.SG current support level is at 62.61 which is the 100.00 % fibonacci retracement of the last 6.91 $ move.
4- CTO.SG current resistance level is at 65.25 which is the 61.80 % fibonacci retracement of the last 6.91 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
COSTCO WHSL (CTO.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 62.610 and 61.880 that was broken down at 63.930 transforming into a resistance line.
COSTCO WHSL (CTO.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 58.500 and 48.240 that was broken down at 60.930 transforming into a resistance line.
COSTCO WHSL (CTO.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
COSTCO WHSL (CTO.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 64.36, 65.10, 65.25, 65.94, 66.07, 66.63, 66.88, 67.31, 67.89, 69.52, 88.64.
Stock Support levels : 62.61, 60.73,.