Today we will analyze the stock Pan Pacific Petroleum NL Ordina (PPP.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Pan Pacific Petroleum NL Ordina (PPP.NZ)
1- Last bullish trend was from 0.18 $ (1/26/2012) to 0.19 $ (2/1/2012) a 0.01 $ move 2- The current bearish trend started from 0.19 $ at 2/1/2012 and is currently trading at 0.18 $.
3- PPP.NZ current support level is at 0.18 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- PPP.NZ current resistance level is at 0.18 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Pan Pacific Petroleum NL Ordina (PPP.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.190 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.180, target of the pattern is 0.160.
Pan Pacific Petroleum NL Ordina (PPP.NZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.170 and 0.140 that was broken down at 0.180 transforming into a resistance line.
Pan Pacific Petroleum NL Ordina (PPP.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.170 and 0.140 that was broken down at 0.180 transforming into a resistance line.

Stock Trading Conclusion:
Pan Pacific Petroleum NL Ordina (PPP.NZ) was trading in a strong bullish 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 : 0.182, 0.182, 0.184, 0.185, 0.186, 0.188, 0.190, 0.208,.
Stock Support levels : 0.177, 0.174,.