Today we will analyze the stock WELLS FARGO (NWT.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in WELLS FARGO (NWT.F)
1- Last bearish trend was from 26.02 $ (4/5/2012) to 24.79 $ (4/23/2012) a 1.23 $ move 2- The current bullish trend started from 24.79 $ at 4/23/2012 and is currently trading at 25.57 $.
3- NWT.F current support level is at 25.55 which is the 61.80 % fibonacci retracement of the last 1.23 $ move.
4- NWT.F current resistance level is at 26.02 which is the 100.00 % fibonacci retracement of the last 1.23 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
WELLS FARGO (NWT.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 26.020 .
WELLS FARGO (NWT.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 19.250 that failed, and formed a support .
8- The Stock was resisted by a resistance line, identified by two points: 19.250 and 19.290 that was broken up at 19.600 transforming into a supporting line.
WELLS FARGO (NWT.F) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 17.300 and 17.200, and is currently supporting at 17.595.

Stock Trading Conclusion:
WELLS FARGO (NWT.F) 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 : 25.93, 25.98, 26.02, 26.35, 26.78.
Stock Support levels : 25.55, 25.41, 25.39, 25.27, 25.26, 25.18, 25.09, 25.08, 24.79, 18.88,.