Today we will analyze the stock WAVELIGHT (WLT.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in WAVELIGHT (WLT.SG)
1- Last bearish trend was from 21.90 $ (5/12/2009) to 19.34 $ (5/25/2009) a 2.56 $ move 2- The current bullish trend started from 19.34 $ at 5/25/2009 and is currently trading at 20.06 $.
3- WLT.SG current support level is at 19.94 which is the 23.60 % fibonacci retracement of the last 2.56 $ move.
4- WLT.SG current resistance level is at 20.32 which is the 38.20 % fibonacci retracement of the last 2.56 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
WAVELIGHT (WLT.SG) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 19.340 and 18.570 that was broken down at 20.300 transforming into a resistance line.
WAVELIGHT (WLT.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.570 and 17.650 that was broken down at 20.000 transforming into a resistance line.
WAVELIGHT (WLT.SG) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 17.650 and 15.700 that was broken down at 20.000 transforming into a resistance line.

Stock Trading Conclusion:
WAVELIGHT (WLT.SG) 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 : 20.32, 20.62, 20.92, 21.19, 21.90, 22.60, 22.68, 22.74, 23.48.
Stock Support levels : 19.94, 19.89, 19.78, 19.70, 19.62, 19.34,.