The blue curving line is the 50day EMA, the red curving line is the 200day EMA. Each time they were breached upwards, the price leaps. The horizontal lines show previous stopping points where the prices were falling and provided some 'buyer support'. As the price rises, the same horizontal lines are 'seller resistance'. Notably the price traded very closely to those horizontal lines during the past couple of weeks.
$25 resistance, has failed twice, yes. If it went up through $25, it would become support. If it falls, $23 or so is the support below, and the 200day EMA support below that. The bulls are/have been in control for a couple of weeks. That may change tomorrow, or not. The
indicators are the various small charts underneath the price chart, they 'indicate' buyer/seller sentiment, money flow etc. All of them suggest the buyers are in control, so far. If you're looking for weakness, the only thing to suggest that is the lower open and lower close on Friday.
If we had a sophisticated trading platform, a trader might take a position on both sides (long buy and a short sell) both with trailing stops = four open positions ... the winning side up or down would be left to run and the losing side would be stopped out. At least that's how I'd play it if these were options using
www.optionsexpress.com.au but it's not, it's the NZX with only a couple of crappy trading platforms for the average Joe.
BAA