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 bullish trend was from 1.21 $ (7/19/2010) to 1.25 $ (7/20/2010) a 0.04 $ move 2- The current bearish trend started from 1.25 $ at 7/20/2010 and is currently trading at 1.18 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
New Zealand Oil and Gas Limited O (NZO.NZ) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.160 $ height triangle which was broken up at 1.240, target of the pattern is 1.400 which was broken down at 1.220, target of the pattern is 1.060.
New Zealand Oil and Gas Limited O (NZO.NZ) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 1.350 and 1.630, and is currently resisting at 1.202.
New Zealand Oil and Gas Limited O (NZO.NZ) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.350 and 1.630, and is currently resisting at 1.202.

Stock Trading Conclusion:
New Zealand Oil and Gas Limited O (NZO.NZ) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.20, 1.20, 1.21, 1.21, 1.22, 1.25, 1.29, 1.40.
Stock Support levels : 1.06,.