Today we will analyze the stock AFFCO Holdings Limited Ordinary (AFF.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in AFFCO Holdings Limited Ordinary (AFF.NZ)
1- Last bullish trend was from 0.36 $ (10/7/2010) to 0.38 $ (10/14/2010) a 0.02 $ move 2- The current bearish trend started from 0.38 $ at 10/14/2010 and is currently trading at 0.36 $.
3- AFF.NZ current support level is at 0.35 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- AFF.NZ current resistance level is at 0.36 which is the 100.00 % 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.
AFFCO Holdings Limited Ordinary (AFF.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.360 and 0.370,resistance between 0.380 and 0.390, the stock channel is currently supported from below by 0.359 and resisted from above by 0.379.
AFFCO Holdings Limited Ordinary (AFF.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.400 .
8- The Stock formed a 0.040 $ height triangle which was broken down at 0.370 in higher than usual volume, target of the pattern is 0.330.
AFFCO Holdings Limited Ordinary (AFF.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.480 that was broken up at 0.360 transforming into a supporting line.

Stock Trading Conclusion:
AFFCO Holdings Limited Ordinary (AFF.NZ) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.365, 0.368, 0.370, 0.372, 0.375, 0.380, 0.400, 0.407.
Stock Support levels : 0.355, 0.348, 0.346,.