Today we will analyze the stock Steel and Tube Holdings Limited O (STU.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Steel and Tube Holdings Limited O (STU.NZ)
1- Last bullish trend was from 2.25 $ (4/11/2012) to 2.36 $ (4/18/2012) a 0.11 $ move 2- The current bearish trend started from 2.36 $ at 4/18/2012 and is currently trading at 2.28 $.
3- STU.NZ current support level is at 2.25 which is the 100.00 % fibonacci retracement of the last 0.11 $ move.
4- STU.NZ current resistance level is at 2.29 which is the 61.80 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Steel and Tube Holdings Limited O (STU.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.250 and 2.200 that was broken down at 2.300 transforming into a resistance line.
Steel and Tube Holdings Limited O (STU.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.200 and 2.060 that was broken down at 2.320 transforming into a resistance line.
Steel and Tube Holdings Limited O (STU.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.410 $ height triangle which was broken up at 2.240, target of the pattern is 2.650.

Stock Trading Conclusion:
Steel and Tube Holdings Limited O (STU.NZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.29, 2.30, 2.30, 2.31, 2.31, 2.32, 2.32, 2.33, 2.33, 2.36, 2.38, 2.65.
Stock Support levels : 2.25, 2.22, 2.18,.