Today we will analyze the stock CANADIAN IMP BANK NON-CUM CL’A’ (CM-PA.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CANADIAN IMP BANK NON-CUM CL’A’ (CM-PA.TO)
1- Last bullish trend was from 25.55 $ (12/8/2009) to 26.59 $ (12/31/2009) a 1.04 $ move 2- The current bearish trend started from 26.59 $ at 12/31/2009 and is currently trading at 24.99 $.
3- CM-PA.TO current support level is at 24.91 which is the 161.80 % fibonacci retracement of the last 1.04 $ move.
4- CM-PA.TO current resistance level is at 25.27 which is the 127.20 % fibonacci retracement of the last 1.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CANADIAN IMP BANK NON-CUM CL’A’ (CM-PA.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 25.550 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 26.590 .
CANADIAN IMP BANK NON-CUM CL’A’ (CM-PA.TO) Mid term stock chart patterns for internet stock trading :

None.
CANADIAN IMP BANK NON-CUM CL’A’ (CM-PA.TO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CANADIAN IMP BANK NON-CUM CL’A’ (CM-PA.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 : 25.27, 25.37, 25.49, 25.50, 25.50, 25.55, 25.60, 25.79, 25.95, 25.98, 26.07, 26.19, 26.29, 26.30, 26.32, 26.34, 26.59,.
Stock Support levels : 24.91.