Today we will analyze the stock Rakon Limited Ordinary Shares (RAK.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Rakon Limited Ordinary Shares (RAK.NZ)
1- Last bullish trend was from 0.47 $ (4/27/2012) to 0.54 $ (5/4/2012) a 0.07 $ move 2- The current bearish trend started from 0.54 $ at 5/4/2012 and is currently trading at 0.51 $.
3- RAK.NZ current support level is at 0.50 which is the 50.00 % fibonacci retracement of the last 0.07 $ move.
4- RAK.NZ current resistance level is at 0.51 which is the 38.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Rakon Limited Ordinary Shares (RAK.NZ) Short term stock chart patterns for internet stock trading :

None.
Rakon Limited Ordinary Shares (RAK.NZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.610 and 0.670 that was broken up at 0.510 transforming into a supporting line.
Rakon Limited Ordinary Shares (RAK.NZ) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.610 and 0.670 that was broken up at 0.510 transforming into a supporting line.

Stock Trading Conclusion:
Rakon Limited Ordinary Shares (RAK.NZ) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.513, 0.517, 0.521, 0.523, 0.525, 0.529, 0.540,.
Stock Support levels : 0.505, 0.497, 0.479, 0.470, 0.451,.