Today we will analyze the stock WYETH (WYE.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in WYETH (WYE.BA)
1- Last bearish trend was from 55.05 $ (10/14/2008) to 51.90 $ (10/15/2008) a 3.15 $ move 2- The current bullish trend started from 51.90 $ at 10/15/2008 and is currently trading at 56.35 $.
3- WYE.BA current support level is at 55.91 which is the 127.20 % fibonacci retracement of the last 3.15 $ move.
4- WYE.BA current resistance level is at 57.00 which is the 161.80 % fibonacci retracement of the last 3.15 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
WYETH (WYE.BA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 12.300 $ height triangle which was broken up at 55.200 in higher than usual volume, target of the pattern is 67.500.
WYETH (WYE.BA) Mid term stock chart patterns for internet stock trading :

None.
WYETH (WYE.BA) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 49.050 and 65.900,resistance between 76.500 and 88.700, the stock channel is currently supported from below by 47.008 and resisted from above by 64.300.

Stock Trading Conclusion:
WYETH (WYE.BA) was trading in a bearish wave, which is becoming weaker .
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 : 57.00, 67.50.
Stock Support levels : 55.91, 55.30, 55.05, 54.65, 54.13, 53.85, 53.60, 53.47, 53.10, 52.64, 51.90,.