Today we will analyze the stock WKS 15/06/12 9.80 Works Financ (WKS010.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in WKS 15/06/12 9.80 Works Financ (WKS010.NZ)
1- Last bearish trend was from 77.29 $ (4/3/2012) to 70.88 $ (4/5/2012) a 6.41 $ move 2- The current bullish trend started from 70.88 $ at 4/5/2012 and is currently trading at 79.06 $.
3- WKS010.NZ current support level is at 79.03 which is the 127.20 % fibonacci retracement of the last 6.41 $ move.
4- WKS010.NZ current resistance level is at 81.25 which is the 161.80 % fibonacci retracement of the last 6.41 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
WKS 15/06/12 9.80 Works Financ (WKS010.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 70.880 .
WKS 15/06/12 9.80 Works Financ (WKS010.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 70.880 .
8- The Stock formed Double Top Pattern at 77.290 that failed, and formed a support .
WKS 15/06/12 9.80 Works Financ (WKS010.NZ) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 75.700 and 80.730 that was broken up at 73.680 transforming into a supporting line.

Stock Trading Conclusion:
WKS 15/06/12 9.80 Works Financ (WKS010.NZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 81.25.
Stock Support levels : 79.03, 77.74, 77.29, 77.13, 75.94, 74.97, 74.84, 74.08, 74.00, 73.33, 72.39, 71.70, 70.88, 70.66, 70.35,.