New Zealand Oil & Gas Limited O (NZSE: NZO.NZ) (NZE:NZO) Stock Research Trends Targets and Technical Analysis - NZX New Zealand exchange [en]

Today we will analyze the stock New Zealand Oil and Gas Limited O (NZO.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in New Zealand Oil and Gas Limited O (NZO.NZ)
1- Last bearish trend was from 1.57 $ (2/23/2010) to 1.52 $ (2/26/2010) a 0.05 $ move 2- The current bullish trend started from 1.52 $ at 2/26/2010 and is currently trading at 1.56 $. 3- NZO.NZ current support level is at 1.55 which is the 61.80 % fibonacci retracement of the last 0.05 $ move.
4- NZO.NZ current resistance level is at 1.57 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
New Zealand Oil and Gas Limited O (NZO.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 1.520 and 1.470,resistance between 1.570 and 1.530 which was broken down at 1.560.
New Zealand Oil and Gas Limited O (NZO.NZ) Mid term stock chart patterns for internet stock trading :

None.
New Zealand Oil and Gas Limited O (NZO.NZ) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.450 and 1.200, and is currently supporting at 1.475.

Stock Trading Conclusion:
New Zealand Oil and Gas Limited O (NZO.NZ) was trading in a bullish 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 : 1.57, 1.57, 1.58, 1.60.
Stock Support levels : 1.55, 1.55, 1.55, 1.54, 1.54, 1.54, 1.54, 1.53, 1.52,.