Today we will analyze the stock SmartMIDZ (MDZ.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in SmartMIDZ (MDZ.NZ)
1- Last bullish trend was from 1.99 $ (8/9/2011) to 2.12 $ (9/15/2011) a 0.13 $ move 2- The current bearish trend started from 2.12 $ at 9/15/2011 and is currently trading at 2.06 $.
3- MDZ.NZ current support level is at 2.05 which is the 50.00 % fibonacci retracement of the last 0.13 $ move.
4- MDZ.NZ current resistance level is at 2.07 which is the 38.20 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SmartMIDZ (MDZ.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.120 and 2.250 that was broken up at 2.070 transforming into a supporting line.
SmartMIDZ (MDZ.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.250 and 2.300, and is currently resisting at 2.196.
SmartMIDZ (MDZ.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.020 and 1.780 that was broken down at 2.180 transforming into a resistance line.

Stock Trading Conclusion:
SmartMIDZ (MDZ.NZ) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.07, 2.07, 2.08, 2.09, 2.09, 2.10, 2.12, 2.20, 2.30.
Stock Support levels : 2.05, 2.04, 1.99, 1.95, 1.94,.