Today we will analyze the stock Australian Foundation Investmen (AFI.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Australian Foundation Investmen (AFI.NZ)
1- Last bearish trend was from 5.48 $ (12/5/2011) to 5.15 $ (12/19/2011) a 0.33 $ move 2- The current bullish trend started from 5.15 $ at 12/19/2011 and is currently trading at 5.57 $.
3- AFI.NZ current support level is at 5.57 which is the 127.20 % fibonacci retracement of the last 0.33 $ move.
4- AFI.NZ current resistance level is at 5.68 which is the 161.80 % fibonacci retracement of the last 0.33 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Australian Foundation Investmen (AFI.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.480 and 5.600 that was broken up at 5.400 transforming into a supporting line.
Australian Foundation Investmen (AFI.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.060 $ height triangle which was broken up at 5.430 in higher than usual volume, target of the pattern is 6.490.
Australian Foundation Investmen (AFI.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 6.650 and 6.870, and is currently resisting at 6.318.

Stock Trading Conclusion:
Australian Foundation Investmen (AFI.NZ) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 5.68, 6.32, 6.49.
Stock Support levels : 5.57, 5.48, 5.47, 5.41, 5.38, 5.36, 5.35, 5.32, 5.31, 5.28, 5.25, 5.23, 5.15,.