Today we will analyze the stock WASHINGTON FEDERAL (WAO.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in WASHINGTON FEDERAL (WAO.BE)
1- Last bullish trend was from 12.35 $ (2/3/2011) to 13.49 $ (2/18/2011) a 1.14 $ move 2- The current bearish trend started from 13.49 $ at 2/18/2011 and is currently trading at 11.69 $.
3- WAO.BE current support level is at 11.65 which is the 161.80 % fibonacci retracement of the last 1.14 $ move.
4- WAO.BE current resistance level is at 12.04 which is the 127.20 % fibonacci retracement of the last 1.14 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
WASHINGTON FEDERAL (WAO.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 12.350 and 10.900 that was broken down at 12.770 transforming into a resistance line.
WASHINGTON FEDERAL (WAO.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 12.350 and 10.370 that was broken down at 12.770 transforming into a resistance line.
WASHINGTON FEDERAL (WAO.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 13.490 .

Stock Trading Conclusion:
WASHINGTON FEDERAL (WAO.BE) 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 : 12.04, 12.11, 12.35, 12.38, 12.59, 12.79, 12.80, 12.92, 13.05, 13.22, 13.49, 13.49, 13.68, 13.69.
Stock Support levels : 11.65.