Today we will analyze the stock Imperial Oil (IMO) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Imperial Oil (IMO)
1- Last bearish trend was from 46.22 $ (1/10/2012) to 44.21 $ (1/13/2012) a 2.01 $ move 2- The current bullish trend started from 44.21 $ at 1/13/2012 and is currently trading at 47.64 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Imperial Oil (IMO) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 44.210 and 40.820, and is currently supporting at 46.583.
Imperial Oil (IMO) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 40.820 and 37.750 that was broken down at 46.970 transforming into a resistance line.
Imperial Oil (IMO) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 37.750 and 33.310, and is currently supporting at 43.242.

Stock Trading Conclusion:
Imperial Oil (IMO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 48.85.
Stock Support levels : 46.83, 46.58, 46.33, 45.92, 45.52, 44.21,.