Today we will analyze the stock WELLSTAR ENERGY CORP (Tier2) (WSE.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in WELLSTAR ENERGY CORP (Tier2) (WSE.V)
1- Last bearish trend was from 0.11 $ (3/30/2011) to 0.09 $ (5/5/2011) a 0.02 $ move 2- The current bullish trend started from 0.09 $ at 5/5/2011 and is currently trading at 0.11 $.
3- WSE.V current support level is at 0.11 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
4- WSE.V current resistance level is at 0.12 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
WELLSTAR ENERGY CORP (Tier2) (WSE.V) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.110 and 0.130 that was broken up at 0.090 transforming into a supporting line.
WELLSTAR ENERGY CORP (Tier2) (WSE.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.110 and 0.130 that was broken up at 0.090 transforming into a supporting line.
WELLSTAR ENERGY CORP (Tier2) (WSE.V) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.110 and 0.140 that was broken up at 0.090 transforming into a supporting line.

Stock Trading Conclusion:
WELLSTAR ENERGY CORP (Tier2) (WSE.V) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.115, 0.122.
Stock Support levels : 0.105, 0.102, 0.100, 0.098, 0.095, 0.090, 0.061,.