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 1.66 $ (8/13/2010) to 1.58 $ (8/23/2010) a 0.08 $ move 2- The current bullish trend started from 1.58 $ at 8/23/2010 and is currently trading at 1.63 $.
3- DGL.NZ current support level is at 1.63 which is the 61.80 % fibonacci retracement of the last 0.08 $ move.
4- DGL.NZ current resistance level is at 1.66 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Delegat’s Group Limited Ordinar (DGL.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 1.580 and 1.480,resistance between 1.660 and 1.550, the stock channel is currently supported from below by 1.610 and resisted from above by 1.725.
Delegat’s Group Limited Ordinar (DGL.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.940 and 2.080 that was broken up at 1.650 transforming into a supporting line.
Delegat’s Group Limited Ordinar (DGL.NZ) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Delegat’s Group Limited Ordinar (DGL.NZ) was trading in a bearish 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 : 1.66, 1.68, 1.71.
Stock Support levels : 1.63, 1.62, 1.62, 1.61, 1.61, 1.61, 1.60, 1.60, 1.58,.