Today we will analyze the stock Qlt Inc. (QLTI) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Qlt Inc. (QLTI)
1- Last bearish trend was from 7.45 $ (12/27/2011) to 6.77 $ (1/23/2012) a 0.68 $ move 2- The current bullish trend started from 6.77 $ at 1/23/2012 and is currently trading at 7.16 $.
3- QLTI current support level is at 7.11 which is the 50.00 % fibonacci retracement of the last 0.68 $ move.
4- QLTI current resistance level is at 7.19 which is the 61.80 % fibonacci retracement of the last 0.68 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Qlt Inc. (QLTI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.770 and 6.470, and is currently supporting at 6.878.
Qlt Inc. (QLTI) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.490 $ height triangle.
Qlt Inc. (QLTI) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.920 $ height triangle.

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

Stock Resistance Levels : 7.19, 7.45, 7.63, 7.87.
Stock Support levels : 7.11, 7.07, 7.03, 7.01, 6.97, 6.93, 6.92, 6.88, 6.77,.