Today we will analyze the stock CANWEST GLOBAL COMMUNICATIONS C (CGS-A.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CANWEST GLOBAL COMMUNICATIONS C (CGS-A.TO)
1- Last bullish trend was from 0.04 $ (10/13/2010) to 0.08 $ (10/22/2010) a 0.04 $ move 2- The current bearish trend started from 0.08 $ at 10/22/2010 and is currently trading at 0.05 $.
3- CGS-A.TO current support level is at 0.04 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- CGS-A.TO current resistance level is at 0.06 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CANWEST GLOBAL COMMUNICATIONS C (CGS-A.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.040 and 0.030 that was broken down at 0.050 transforming into a resistance line.
CANWEST GLOBAL COMMUNICATIONS C (CGS-A.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.040 and 0.030 that was broken down at 0.050 transforming into a resistance line.
CANWEST GLOBAL COMMUNICATIONS C (CGS-A.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.040 and 0.030 that was broken down at 0.050 transforming into a resistance line.

Stock Trading Conclusion:
CANWEST GLOBAL COMMUNICATIONS C (CGS-A.TO) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.052, 0.055, 0.057, 0.060, 0.061, 0.065, 0.065, 0.069, 0.071, 0.080,.
Stock Support levels : 0.040, 0.029,.