Today we will analyze the stock ASB Capital No.2 Limited Prefer (ASBPB.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in ASB Capital No.2 Limited Prefer (ASBPB.NZ)
1- Last bearish trend was from 0.87 $ (1/23/2014) to 0.84 $ (2/10/2014) a 0.03 $ move 2- The current bullish trend started from 0.84 $ at 2/10/2014 and is currently trading at 0.88 $.
3- ASBPB.NZ current support level is at 0.88 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
4- ASBPB.NZ current resistance level is at 0.89 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ASB Capital No.2 Limited Prefer (ASBPB.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.840 .
7- The Stock formed Double Top Pattern at 0.870 that failed, and formed a support .
ASB Capital No.2 Limited Prefer (ASBPB.NZ) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 0.600 and 0.580,resistance between 0.640 and 0.620 which was broken up at 0.660 in higher than usual volume.
ASB Capital No.2 Limited Prefer (ASBPB.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.220 $ height triangle which was broken up at 0.660 in higher than usual volume, target of the pattern is 0.880.

Stock Trading Conclusion:
ASB Capital No.2 Limited Prefer (ASBPB.NZ) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.889.
Stock Support levels : 0.878, 0.871, 0.870, 0.865, 0.860, 0.859, 0.855, 0.855, 0.851, 0.847, 0.840, 0.720,.