Today we will analyze the stock BREAKWATER RES INC COM NPV (BWR.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in BREAKWATER RES INC COM NPV (BWR.TO)
1- Last bearish trend was from 7.42 $ (6/15/2011) to 6.77 $ (8/8/2011) a 0.65 $ move 2- The current bullish trend started from 6.77 $ at 8/8/2011 and is currently trading at 6.99 $.
3- BWR.TO current support level is at 6.92 which is the 23.60 % fibonacci retracement of the last 0.65 $ move.
4- BWR.TO current resistance level is at 7.02 which is the 38.20 % fibonacci retracement of the last 0.65 $ move.
5- According to ADX Indicator, the trend is currently 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.
BREAKWATER RES INC COM NPV (BWR.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.770 and 4.970 that was broken down at 6.880 transforming into a resistance line.
BREAKWATER RES INC COM NPV (BWR.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.970 and 4.530, and is currently supporting at 6.412.
BREAKWATER RES INC COM NPV (BWR.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.620 $ height triangle which was broken up at 7.420 in higher than usual volume, target of the pattern is 9.040.

Stock Trading Conclusion:
BREAKWATER RES INC COM NPV (BWR.TO) was trading in a bullish 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 : 7.02, 7.10, 7.17, 7.42, 7.60, 7.76, 7.82, 9.04.
Stock Support levels : 6.94, 6.92, 6.91, 6.88, 6.85, 6.77, 6.41,.