Today we will analyze the stock WATERS (WAZ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in WATERS (WAZ.BE)
1- Last bullish trend was from 57.90 $ (3/17/2011) to 62.68 $ (4/6/2011) a 4.78 $ move 2- The current bearish trend started from 62.68 $ at 4/6/2011 and is currently trading at 60.42 $.
3- WAZ.BE current support level is at 60.29 which is the 50.00 % fibonacci retracement of the last 4.78 $ move.
4- WAZ.BE current resistance level is at 60.85 which is the 38.20 % fibonacci retracement of the last 4.78 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
WATERS (WAZ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 62.680 .
WATERS (WAZ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 57.900 and 54.650, and is currently supporting at 59.742.
WATERS (WAZ.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 54.650 and 47.780, and is currently supporting at 57.585.

Stock Trading Conclusion:
WATERS (WAZ.BE) was trading in a bullish wave, which is becoming weaker .
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 : 60.85, 60.95, 61.28, 61.55, 61.55, 61.82, 62.68, 62.72.
Stock Support levels : 60.29, 59.74, 59.73, 57.90, 57.59, 56.60,.