Today we will analyze the stock BAYSIDE LAND CORP 1 (BYSD1.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in BAYSIDE LAND CORP 1 (BYSD1.TA)
1- Last bullish trend was from 90,950.00 $ (12/1/2010) to 99,420.00 $ (1/4/2011) a 8,470.00 $ move 2- The current bearish trend started from 99,420.00 $ at 1/4/2011 and is currently trading at 94,250.00 $.
3- BYSD1.TA current support level is at 94,185.54 which is the 61.80 % fibonacci retracement of the last 8,470.00 $ move.
4- BYSD1.TA current resistance level is at 95,185.00 which is the 50.00 % fibonacci retracement of the last 8,470.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
BAYSIDE LAND CORP 1 (BYSD1.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 90,950.000 .
BAYSIDE LAND CORP 1 (BYSD1.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 90,950.000 and 85,120.000 that was broken down at 94,250.000 transforming into a resistance line.
BAYSIDE LAND CORP 1 (BYSD1.TA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 75,077.289 and 77,159.898,resistance between 84,552.250 and 97,620.000 which was broken up at 80,818.547.

Stock Trading Conclusion:
BAYSIDE LAND CORP 1 (BYSD1.TA) was trading in a bearish wave, which is becoming stronger .
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 : 94,681.20, 95,185.00, 95,470.12, 96,184.46, 96,224.94, 96,835.00, 97,421.08, 97,445.06, 99,420.00,.
Stock Support levels : 94,185.54, 90,950.00, 90,764.55, 90,610.00, 90,455.45, 88,646.16, 85,715.54,.