Today we will analyze the stock CDN NATURAL RES (CNQ.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in CDN NATURAL RES (CNQ.MX)
1- Last bearish trend was from 511.58 $ (1/31/2012) to 462.80 $ (2/15/2012) a 48.78 $ move 2- The current bullish trend started from 462.80 $ at 2/15/2012 and is currently trading at 482.70 $.
3- CNQ.MX current support level is at 481.43 which is the 38.20 % fibonacci retracement of the last 48.78 $ move.
4- CNQ.MX current resistance level is at 487.19 which is the 50.00 % fibonacci retracement of the last 48.78 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CDN NATURAL RES (CNQ.MX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 511.580 .
7- The Stock formed a 63.960 $ height triangle.
CDN NATURAL RES (CNQ.MX) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 511.580 .
CDN NATURAL RES (CNQ.MX) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 511.580 .
10- The Stock formed a 148.530 $ height triangle which was broken down at 462.800, target of the pattern is 314.270.

Stock Trading Conclusion:
CDN NATURAL RES (CNQ.MX) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 487.19, 492.95, 493.02, 511.58, 513.69, 524.85, 541.73.
Stock Support levels : 481.43, 478.00, 475.10, 474.31, 472.75, 470.40, 465.00, 462.80,.