Today we will analyze the index NZX 50 New Zealand (NZ50) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in NZX 50 New Zealand (NZ50)
1- Last bearish trend was from 3,396.15 $ (10/11/2011) to 3,202.02 $ (12/20/2011) a 194.13 $ move 2- The current bullish trend started from 3,202.02 $ at 12/20/2011 and is currently trading at 3,559.47 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
4- Bearish Divergance in MACD Indicator .
NZX 50 New Zealand (NZ50) Short term stock chart patterns for internet stock trading :

5- The Index formed a 479.660 $ height triangle which was broken up at 3,280.100, target of the pattern is 3,759.760.
NZX 50 New Zealand (NZ50) Mid term stock chart patterns for internet stock trading :

6- The Index was supported by a support line, identified by two points: 3,097.780 and 2,933.820, and is currently supporting at 3,205.142.
NZX 50 New Zealand (NZ50) Long term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 3,097.780 and 2,933.820, and is currently supporting at 3,205.142.

Stock Trading Conclusion:
NZX 50 New Zealand (NZ50) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 3,759.76.
Stock Support levels : 3,475.11, 3,422.92, 3,380.75, 3,338.57, 3,205.14, 3,202.02,.