Today we will analyze the stock SmartFONZ (FNZ.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in SmartFONZ (FNZ.NZ)
1- Last bearish trend was from 1.32 $ (3/27/2012) to 1.26 $ (4/19/2012) a 0.06 $ move 2- The current bullish trend started from 1.26 $ at 4/19/2012 and is currently trading at 1.29 $.
3- FNZ.NZ current support level is at 1.29 which is the 50.00 % fibonacci retracement of the last 0.06 $ move.
4- FNZ.NZ current resistance level is at 1.30 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
SmartFONZ (FNZ.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 1.260 and 1.210,resistance between 1.320 and 1.260, the stock channel is currently supported from below by 1.267 and resisted from above by 1.336.
SmartFONZ (FNZ.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.180 $ height triangle.
SmartFONZ (FNZ.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.180 $ height triangle.

Stock Trading Conclusion:
SmartFONZ (FNZ.NZ) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.30, 1.32, 1.34, 1.36.
Stock Support levels : 1.28, 1.28, 1.27, 1.27, 1.27, 1.26, 1.21,.