Today we will analyze the stock Smartpay Limited Ordinary Share (SPY.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Smartpay Limited Ordinary Share (SPY.NZ)
1- Last bearish trend was from 0.09 $ (3/21/2012) to 0.08 $ (3/28/2012) a 0.01 $ move 2- The current bullish trend started from 0.08 $ at 3/28/2012 and is currently trading at 0.09 $.
3- SPY.NZ current support level is at 0.09 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- SPY.NZ current resistance level is at 0.09 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Smartpay Limited Ordinary Share (SPY.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.080 $ and 0.090 $.

Smartpay Limited Ordinary Share (SPY.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.080 $ and 0.090 $.

Smartpay Limited Ordinary Share (SPY.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.080 $ and 0.090 $.


Stock Trading Conclusion:
Smartpay Limited Ordinary Share (SPY.NZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.093, 0.096.
Stock Support levels : 0.088, 0.086, 0.085, 0.084, 0.082, 0.080,.