Today we will analyze the stock WELLTECH (002058.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in WELLTECH (002058.SZ)
1- Last bullish trend was from 7.81 $ (4/17/2012) to 8.21 $ (4/23/2012) a 0.40 $ move 2- The current bearish trend started from 8.21 $ at 4/23/2012 and is currently trading at 7.87 $.
3- 002058.SZ current support level is at 7.81 which is the 100.00 % fibonacci retracement of the last 0.40 $ move.
4- 002058.SZ current resistance level is at 7.96 which is the 61.80 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
WELLTECH (002058.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 8.210 .
7- The Stock formed a 0.590 $ height triangle which was broken down at 7.850, target of the pattern is 7.260.
WELLTECH (002058.SZ) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 3.210 $ height triangle which was broken down at 7.850, target of the pattern is 4.640.
WELLTECH (002058.SZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 9.810 and 10.800, and is currently resisting at 9.109.

Stock Trading Conclusion:
WELLTECH (002058.SZ) was trading in a bearish 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 : 7.95, 7.95, 7.96, 8.00, 8.01, 8.04, 8.06, 8.08, 8.08, 8.12, 8.21, 8.25, 9.11.
Stock Support levels : 7.81, 7.70, 7.56, 7.26,.