Today we will analyze the stock WAVELIGHT (WLT.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in WAVELIGHT (WLT.DU)
1- Last bearish trend was from 22.30 $ (5/5/2009) to 19.38 $ (5/25/2009) a 2.92 $ move 2- The current bullish trend started from 19.38 $ at 5/25/2009 and is currently trading at 20.06 $.
3- WLT.DU current support level is at 19.38 which is the 0.00 % fibonacci retracement of the last 2.92 $ move.
4- WLT.DU current resistance level is at 20.07 which is the 23.60 % fibonacci retracement of the last 2.92 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
WAVELIGHT (WLT.DU) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 19.380 and 18.570 that was broken down at 20.410 transforming into a resistance line.
WAVELIGHT (WLT.DU) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 18.570 and 16.750,resistance between 22.300 and 19.910 which was broken down at 20.300.
WAVELIGHT (WLT.DU) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 16.750 and 15.660,resistance between 22.300 and 20.900, the stock channel is currently supported from below by 19.897 and resisted from above by 24.505.

Stock Trading Conclusion:
WAVELIGHT (WLT.DU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 20.07, 20.50, 20.84, 21.18, 21.38, 22.30, 23.09, 24.10, 25.55.
Stock Support levels : 19.90, 19.80, 19.72, 19.64, 19.38,.