Today we will analyze the stock South Port New Zealand Limited (SPN.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in South Port New Zealand Limited (SPN.NZ)
1- Last bearish trend was from 3.45 $ (10/3/2011) to 3.30 $ (10/14/2011) a 0.15 $ move 2- The current bullish trend started from 3.30 $ at 10/14/2011 and is currently trading at 3.50 $.
3- SPN.NZ current support level is at 3.49 which is the 127.20 % fibonacci retracement of the last 0.15 $ move.
4- SPN.NZ current resistance level is at 3.54 which is the 161.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
South Port New Zealand Limited (SPN.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 3.300 .
7- The Stock formed a 0.240 $ height triangle which was broken up at 3.400 in higher than usual volume, target of the pattern is 3.640.
South Port New Zealand Limited (SPN.NZ) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.300 and 3.150 that was broken down at 3.400 transforming into a resistance line.
South Port New Zealand Limited (SPN.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 2.520 .
10- The Stock formed a 0.330 $ height triangle which was broken up at 2.780 in higher than usual volume, target of the pattern is 3.110.

Stock Trading Conclusion:
South Port New Zealand Limited (SPN.NZ) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 3.54, 3.57, 3.64.
Stock Support levels : 3.49, 3.45, 3.45, 3.42, 3.40, 3.39, 3.38, 3.38, 3.36, 3.34, 3.30, 3.27, 3.27, 3.26, 2.98, 2.60,.