Today we will analyze the stock SmartMOZY (MZY.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in SmartMOZY (MZY.NZ)
1- Last bearish trend was from 5.01 $ (3/16/2012) to 4.80 $ (4/12/2012) a 0.21 $ move 2- The current bullish trend started from 4.80 $ at 4/12/2012 and is currently trading at 4.86 $.
3- MZY.NZ current support level is at 4.85 which is the 23.60 % fibonacci retracement of the last 0.21 $ move.
4- MZY.NZ current resistance level is at 4.88 which is the 38.20 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
SmartMOZY (MZY.NZ) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.010 and 5.140, and is currently resisting at 4.918.
SmartMOZY (MZY.NZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 4.650 and 4.300 that was broken down at 4.950 transforming into a resistance line.
SmartMOZY (MZY.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 5.000 and 6.100 that was broken up at 4.700 transforming into a supporting line.

Stock Trading Conclusion:
SmartMOZY (MZY.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 : 4.88, 4.91, 4.92, 4.93, 5.01, 5.07, 5.14, 5.63.
Stock Support levels : 4.85, 4.85, 4.84, 4.83, 4.82, 4.80,.