Lyttelton Port Company Limited (NZSE: LPC.NZ) (NZE:LPC) Stock Research Trends Targets and Technical Analysis - NZX New Zealand exchange [en]

Today we will analyze the stock Lyttelton Port Company Limited (LPC.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Lyttelton Port Company Limited (LPC.NZ)
1- Last bullish trend was from 2.40 $ (1/20/2010) to 2.50 $ (1/25/2010) a 0.10 $ move 2- The current bearish trend started from 2.50 $ at 1/25/2010 and is currently trading at 2.38 $. 3- LPC.NZ current support level is at 2.37 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
4- LPC.NZ current resistance level is at 2.40 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Lyttelton Port Company Limited (LPC.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 2.400 and 2.500,resistance between 2.500 and 2.580, the stock channel is currently supported from below by 2.297 and resisted from above by 2.425.
Lyttelton Port Company Limited (LPC.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 2.580 .
Lyttelton Port Company Limited (LPC.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.580 and 2.600, and is currently resisting at 2.507.

Stock Trading Conclusion:
Lyttelton Port Company Limited (LPC.NZ) was trading in a strong bearish wave, which is becoming stronger .
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 : 2.40, 2.41, 2.43, 2.44, 2.44, 2.45, 2.45, 2.46, 2.48, 2.50, 2.51, 2.58.
Stock Support levels : 2.37,.