Today we will analyze the stock Broadway Industries Limited Ord (BWY.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Broadway Industries Limited Ord (BWY.NZ)
1- Last bearish trend was from 0.30 $ (9/25/2009) to 0.15 $ (11/18/2009) a 0.15 $ move 2- The current bullish trend started from 0.15 $ at 11/18/2009 and is currently trading at 0.30 $.
3- BWY.NZ current support level is at 0.30 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
4- BWY.NZ current resistance level is at 0.34 which is the 127.20 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Broadway Industries Limited Ord (BWY.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.300 .
Broadway Industries Limited Ord (BWY.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.300 .
Broadway Industries Limited Ord (BWY.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.300 .

Stock Trading Conclusion:
Broadway Industries Limited Ord (BWY.NZ) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.341, 0.393.
Stock Support levels : 0.265, 0.250, 0.243, 0.225, 0.207, 0.185, 0.150,.

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