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 430.80 $ (10/15/2012) to 376.90 $ (1/3/2013) a 53.90 $ move 2- The current bullish trend started from 376.90 $ at 1/3/2013 and is currently trading at 380.60 $.
3- CNQ.MX current support level is at 376.90 which is the 0.00 % fibonacci retracement of the last 53.90 $ move.
4- CNQ.MX current resistance level is at 389.62 which is the 23.60 % fibonacci retracement of the last 53.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CDN NATURAL RES (CNQ.MX) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 301.820 $ height triangle which was broken up at 396.250, target of the pattern is 698.070 which was broken down at 380.600, target of the pattern is 78.780.
CDN NATURAL RES (CNQ.MX) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 430.800 and 655.830 that was broken up at 396.250 transforming into a supporting line.
CDN NATURAL RES (CNQ.MX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 430.800 and 655.830 that was broken up at 396.250 transforming into a supporting line.

Stock Trading Conclusion:
CDN NATURAL RES (CNQ.MX) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 383.35, 389.62, 397.49, 403.85, 410.21, 430.80, 445.46, 464.11, 698.07.
Stock Support levels : 379.73, 379.19, 378.75, 378.31, 376.90, 78.78, 52.92,.