Today we will analyze the stock Wet Seal (WTSLA) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Wet Seal (WTSLA)
1- Last bullish trend was from 3.21 $ (4/23/2012) to 3.45 $ (4/27/2012) a 0.24 $ move 2- The current bearish trend started from 3.45 $ at 4/27/2012 and is currently trading at 3.04 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
Wet Seal (WTSLA) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 3.210 that failed and formed a resistance.
5- The Stock formed a 0.270 $ height triangle which was broken down at 3.110 in higher than usual volume, target of the pattern is 2.840.
Wet Seal (WTSLA) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 0.310 $ height triangle which was broken down at 3.230 in higher than usual volume, target of the pattern is 2.920.
Wet Seal (WTSLA) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.470 and 3.590, and is currently resisting at 3.257.

Stock Trading Conclusion:
Wet Seal (WTSLA) was trading in a bearish wave, which is becoming stronger .
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 : 3.14, 3.20, 3.23, 3.24, 3.26, 3.28, 3.29, 3.45.
Stock Support levels : 2.92,.