Today we will analyze the stock CANWEST GLOBAL COMMUNICATIONS C (CGS.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CANWEST GLOBAL COMMUNICATIONS C (CGS.TO)
1- Last bullish trend was from 0.19 $ (9/29/2009) to 0.27 $ (10/2/2009) a 0.08 $ move 2- The current bearish trend started from 0.27 $ at 10/2/2009 and is currently trading at 0.24 $.
3- CGS.TO current support level is at 0.24 which is the 38.20 % fibonacci retracement of the last 0.08 $ move.
4- CGS.TO current resistance level is at 0.25 which is the 23.60 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
CANWEST GLOBAL COMMUNICATIONS C (CGS.TO) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.190 and 0.110 that was broken down at 0.240 transforming into a resistance line.
CANWEST GLOBAL COMMUNICATIONS C (CGS.TO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.190 and 0.110 that was broken down at 0.240 transforming into a resistance line.
CANWEST GLOBAL COMMUNICATIONS C (CGS.TO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.190 and 0.110 that was broken down at 0.240 transforming into a resistance line.

Stock Trading Conclusion:
CANWEST GLOBAL COMMUNICATIONS C (CGS.TO) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.247, 0.251, 0.251, 0.255, 0.259, 0.270, 0.332,.
Stock Support levels : 0.239, 0.230, 0.221, 0.190, 0.168,.