Today we will analyze the stock TALKWEB (002261.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in TALKWEB (002261.SZ)
1- Last bearish trend was from 19.15 $ (4/13/2012) to 16.50 $ (4/26/2012) a 2.65 $ move 2- The current bullish trend started from 16.50 $ at 4/26/2012 and is currently trading at 17.30 $.
3- 002261.SZ current support level is at 17.13 which is the 23.60 % fibonacci retracement of the last 2.65 $ move.
4- 002261.SZ current resistance level is at 17.51 which is the 38.20 % fibonacci retracement of the last 2.65 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
TALKWEB (002261.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 19.150 and 19.450, and is currently resisting at 18.370.
TALKWEB (002261.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 5.330 $ height triangle which was broken down at 21.030 in higher than usual volume, target of the pattern is 15.700.
TALKWEB (002261.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 17.870 and 17.190 that was broken down at 21.070 transforming into a resistance line.

Stock Trading Conclusion:
TALKWEB (002261.SZ) was trading in a strong 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 : 17.51, 17.83, 18.14, 18.37, 19.15, 19.87, 20.79, 21.12, 22.86, 26.92.
Stock Support levels : 17.13, 17.11, 16.99, 16.90, 16.81, 16.50,.