Today we will analyze the stock Skellerup Holdings Limited Ordi (SKL.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Skellerup Holdings Limited Ordi (SKL.NZ)
1- Last bearish trend was from 1.46 $ (3/21/2012) to 1.40 $ (4/4/2012) a 0.06 $ move 2- The current bullish trend started from 1.40 $ at 4/4/2012 and is currently trading at 1.49 $.
3- SKL.NZ current support level is at 1.48 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
4- SKL.NZ current resistance level is at 1.50 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Skellerup Holdings Limited Ordi (SKL.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.400 and 1.330, and is currently supporting at 1.442.
Skellerup Holdings Limited Ordi (SKL.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.330 and 1.300, and is currently supporting at 1.399.
Skellerup Holdings Limited Ordi (SKL.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.280 and 1.350 that was broken up at 1.240 transforming into a supporting line.

Stock Trading Conclusion:
Skellerup Holdings Limited Ordi (SKL.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 : 1.50.
Stock Support levels : 1.48, 1.47, 1.46, 1.46, 1.44, 1.44, 1.44, 1.43, 1.43, 1.42, 1.41, 1.40, 1.40,.