Today we will analyze the stock AG GROWTH INCOME FD NEW (AFN-UN.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in AG GROWTH INCOME FD NEW (AFN-UN.TO)
1- Last bullish trend was from 48.66 $ (1/5/2011) to 53.50 $ (1/18/2011) a 4.84 $ move 2- The current bearish trend started from 53.50 $ at 1/18/2011 and is currently trading at 50.24 $.
3- AFN-UN.TO current support level is at 48.66 which is the 100.00 % fibonacci retracement of the last 4.84 $ move.
4- AFN-UN.TO current resistance level is at 50.51 which is the 61.80 % fibonacci retracement of the last 4.84 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
6- Bearish Divergance in MACD Indicator .
AG GROWTH INCOME FD NEW (AFN-UN.TO) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 53.500 .
8- The Stock formed a 12.220 $ height triangle which was broken down at 51.800, target of the pattern is 39.580.
AG GROWTH INCOME FD NEW (AFN-UN.TO) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 53.500 .
10- The Stock formed a 20.720 $ height triangle which was broken down at 50.010 in higher than usual volume, target of the pattern is 29.290.
AG GROWTH INCOME FD NEW (AFN-UN.TO) Long term stock chart patterns for internet stock trading :

11- The Stock was supported by a support line, identified by two points: 48.660 and 31.660 that was broken down at 50.010 transforming into a resistance line.

Stock Trading Conclusion:
AG GROWTH INCOME FD NEW (AFN-UN.TO) was trading in a strong bullish wave, which is becoming weaker .
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 : 50.51, 51.01, 51.01, 51.08, 51.45, 51.49, 51.65, 51.87, 52.25, 52.36, 53.44, 53.50, 54.03.
Stock Support levels : 48.66, 47.34, 45.67, 39.58,.