Today we will analyze the stock Horizon Energy Distribution Lim (HED.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Horizon Energy Distribution Lim (HED.NZ)
1- Last bearish trend was from 3.45 $ (10/21/2011) to 3.25 $ (11/8/2011) a 0.20 $ move 2- The current bullish trend started from 3.25 $ at 11/8/2011 and is currently trading at 3.38 $.
3- HED.NZ current support level is at 3.37 which is the 61.80 % fibonacci retracement of the last 0.20 $ move.
4- HED.NZ current resistance level is at 3.45 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Horizon Energy Distribution Lim (HED.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 3.450 .
7- The Stock formed a 0.250 $ height triangle.
Horizon Energy Distribution Lim (HED.NZ) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 3.750 .
9- The Stock formed a 0.760 $ height triangle which was broken down at 3.250 in higher than usual volume, target of the pattern is 2.490.
Horizon Energy Distribution Lim (HED.NZ) Long term stock chart patterns for internet stock trading :

10- The Stock is trading in a stock channel between 2.990 $ and 3.750 $.


Stock Trading Conclusion:
Horizon Energy Distribution Lim (HED.NZ) was trading in a 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 : 3.45, 3.50, 3.57, 3.75, 3.81.
Stock Support levels : 3.37, 3.35, 3.35, 3.33, 3.33, 3.32, 3.30, 3.30, 3.25, 3.20,.