Delegat's Group Limited Ordinar (NZSE: DGL.NZ) (NZE:DGL) Stock Research Trends Targets and Technical Analysis - NZX New Zealand exchange [en]

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 bullish trend was from 1.92 $ (3/5/2010) to 2.08 $ (3/10/2010) a 0.16 $ move 2- The current bearish trend started from 2.08 $ at 3/10/2010 and is currently trading at 1.98 $. 3- DGL.NZ current support level is at 1.92 which is the 100.00 % fibonacci retracement of the last 0.16 $ move.
4- DGL.NZ current resistance level is at 1.98 which is the 61.80 % fibonacci retracement of the last 0.16 $ 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.
Delegat’s Group Limited Ordinar (DGL.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 1.920 and 2.600,resistance between 2.080 and 2.720, the stock channel is currently supported from below by 1.711 and resisted from above by 2.027.
Delegat’s Group Limited Ordinar (DGL.NZ) Mid term stock chart patterns for internet stock trading :

None.
Delegat’s Group Limited Ordinar (DGL.NZ) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.310 and 2.020 that was broken down at 2.270 transforming into a resistance line.

Stock Trading Conclusion:
Delegat’s Group Limited Ordinar (DGL.NZ) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.98, 2.00, 2.00, 2.02, 2.02, 2.03, 2.04, 2.04, 2.08, 2.54.
Stock Support levels : 1.92, 1.88,.