Today we will analyze the stock Whitney Holding Corporation (WTNY) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Whitney Holding Corporation (WTNY)
1- Last bearish trend was from 13.35 $ (5/18/2011) to 12.90 $ (5/24/2011) a 0.45 $ move 2- The current bullish trend started from 12.90 $ at 5/24/2011 and is currently trading at 13.35 $.
3- WTNY current support level is at 13.35 which is the 100.00 % fibonacci retracement of the last 0.45 $ move.
4- WTNY current resistance level is at 13.47 which is the 127.20 % fibonacci retracement of the last 0.45 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Whitney Holding Corporation (WTNY) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 12.900 .
7- The Stock formed a 1.010 $ height triangle which was broken up at 13.300 in higher than usual volume, target of the pattern is 14.310.
Whitney Holding Corporation (WTNY) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 14.130 and 14.340, and is currently resisting at 13.861.
Whitney Holding Corporation (WTNY) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 14.340 .

Stock Trading Conclusion:
Whitney Holding Corporation (WTNY) was trading in a bullish 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 : 13.47, 13.63, 13.86, 14.28, 14.31.
Stock Support levels : 13.24, 13.18, 13.13, 13.07, 13.01, 12.96, 12.93, 12.90,.