Today we will analyze the stock Delegat’s Group Limited Ordinar (DGL.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Delegat’s Group Limited Ordinar (DGL.NZ)
1- Last bearish trend was from 2.25 $ (12/6/2011) to 2.02 $ (1/10/2012) a 0.23 $ move 2- The current bullish trend started from 2.02 $ at 1/10/2012 and is currently trading at 2.25 $.
3- DGL.NZ current support level is at 2.25 which is the 100.00 % fibonacci retracement of the last 0.23 $ move.
4- DGL.NZ current resistance level is at 2.31 which is the 127.20 % fibonacci retracement of the last 0.23 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
Delegat’s Group Limited Ordinar (DGL.NZ) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 2.020 .
Delegat’s Group Limited Ordinar (DGL.NZ) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 2.020 .
Delegat’s Group Limited Ordinar (DGL.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 2.020 and 1.920, and is currently supporting at 2.045.

Stock Trading Conclusion:
Delegat’s Group Limited Ordinar (DGL.NZ) was trading in a strong bullish wave, which is becoming weaker .
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 : 2.31, 2.39.
Stock Support levels : 2.20, 2.16, 2.13, 2.11, 2.07, 2.05, 2.02,.