Today we will analyze the stock SONICWALL (WL2.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in SONICWALL (WL2.DU)
1- Last bullish trend was from 8.89 $ (6/21/2010) to 9.46 $ (6/29/2010) a 0.57 $ move 2- The current bearish trend started from 9.46 $ at 6/29/2010 and is currently trading at 8.74 $.
3- WL2.DU current support level is at 8.73 which is the 127.20 % fibonacci retracement of the last 0.57 $ move.
4- WL2.DU current resistance level is at 8.89 which is the 100.00 % fibonacci retracement of the last 0.57 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SONICWALL (WL2.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.890 and 6.990 that was broken down at 9.370 transforming into a resistance line.
SONICWALL (WL2.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 6.990 .
SONICWALL (WL2.DU) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 7.850 that failed, and formed a support .
9- The Stock formed a 1.170 $ height triangle which was broken up at 9.000, target of the pattern is 10.170.

Stock Trading Conclusion:
SONICWALL (WL2.DU) 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 : 8.89, 8.91, 9.02, 9.10, 9.11, 9.18, 9.18, 9.24, 9.33, 9.46, 10.17, 12.40.
Stock Support levels : 8.73, 8.54, 7.74,.