Today we will analyze the stock Taylors Group Limited Ordinary (TAY.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Taylors Group Limited Ordinary (TAY.NZ)
1- Last bearish trend was from 2.24 $ (9/18/2009) to 2.12 $ (10/28/2009) a 0.12 $ move 2- The current bullish trend started from 2.12 $ at 10/28/2009 and is currently trading at 2.15 $.
3- TAY.NZ current support level is at 2.15 which is the 23.60 % fibonacci retracement of the last 0.12 $ move.
4- TAY.NZ current resistance level is at 2.17 which is the 38.20 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Taylors Group Limited Ordinary (TAY.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.120 and 1.650 that was broken down at 2.180 transforming into a resistance line.
Taylors Group Limited Ordinary (TAY.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.650 and 1.500,resistance between 1.800 and 1.600 which was broken up at 1.880 in higher than usual volume.
Taylors Group Limited Ordinary (TAY.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.160 and 1.150, and is currently supporting at 1.284.

Stock Trading Conclusion:
Taylors Group Limited Ordinary (TAY.NZ) was trading in a strong 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 : 2.17, 2.18, 2.19, 2.24, 2.24, 2.27, 2.31.
Stock Support levels : 2.15, 2.14, 2.14, 2.13, 2.13, 2.12, 2.09,.