Today we will analyze the stock Heelys (HLYS) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Heelys (HLYS)
1- Last bearish trend was from 1.89 $ (1/27/2012) to 1.83 $ (1/31/2012) a 0.06 $ move 2- The current bullish trend started from 1.83 $ at 1/31/2012 and is currently trading at 1.92 $.
3- HLYS current support level is at 1.91 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
4- HLYS current resistance level is at 1.93 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Heelys (HLYS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.090 $ height triangle which was broken up at 1.900 in higher than usual volume, target of the pattern is 1.990.
Heelys (HLYS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.930 and 1.970 that was broken up at 1.890 transforming into a supporting line.
Heelys (HLYS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.970 and 2.110 that was broken up at 1.900 transforming into a supporting line.

Stock Trading Conclusion:
Heelys (HLYS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.93, 1.99.
Stock Support levels : 1.91, 1.90, 1.89, 1.89, 1.88, 1.88, 1.87, 1.87, 1.86, 1.86, 1.85, 1.84, 1.83,.