Today we will analyze the stock Sealegs Corporation Limited Ord (SLG.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Sealegs Corporation Limited Ord (SLG.NZ)
1- Last bullish trend was from 0.13 $ (1/27/2012) to 0.14 $ (1/31/2012) a 0.01 $ move 2- The current bearish trend started from 0.14 $ at 1/31/2012 and is currently trading at 0.12 $.
3- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Sealegs Corporation Limited Ord (SLG.NZ) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 0.140 .
5- The Stock formed a 0.020 $ height triangle which was broken down at 0.130 in higher than usual volume, target of the pattern is 0.110.
Sealegs Corporation Limited Ord (SLG.NZ) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.140 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.130 in higher than usual volume, target of the pattern is 0.110.
Sealegs Corporation Limited Ord (SLG.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.140 .

Stock Trading Conclusion:
Sealegs Corporation Limited Ord (SLG.NZ) was trading in a strong bearish 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 : 0.125, 0.128, 0.130, 0.132, 0.134, 0.140,.
Stock Support levels : 0.110,.