Today we will analyze the stock CANADIAN IMP BANK PRF 31/10/200 (CM-PE.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CANADIAN IMP BANK PRF 31/10/200 (CM-PE.TO)
1- Last bearish trend was from 25.20 $ (5/24/2011) to 23.99 $ (6/23/2011) a 1.21 $ move 2- The current bullish trend started from 23.99 $ at 6/23/2011 and is currently trading at 25.90 $.
3- CM-PE.TO current support level is at 25.53 which is the 127.20 % fibonacci retracement of the last 1.21 $ move.
4- CM-PE.TO current resistance level is at 25.95 which is the 161.80 % fibonacci retracement of the last 1.21 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CANADIAN IMP BANK PRF 31/10/200 (CM-PE.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 25.200 that failed, and formed a support .
7- The Stock was resisted by a resistance line, identified by two points: 25.200 and 25.250 that was broken up at 25.130 transforming into a supporting line.
CANADIAN IMP BANK PRF 31/10/200 (CM-PE.TO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 21.090 and 17.740 that was broken down at 25.850 transforming into a resistance line.
CANADIAN IMP BANK PRF 31/10/200 (CM-PE.TO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 21.090 and 17.740 that was broken down at 25.850 transforming into a resistance line.

Stock Trading Conclusion:
CANADIAN IMP BANK PRF 31/10/200 (CM-PE.TO) was trading in a 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 : 25.95, 26.78,.
Stock Support levels : 25.53, 25.45, 25.20, 25.17, 25.08, 25.07, 25.07, 24.94, 24.74, 24.72, 24.60, 24.45, 24.28, 23.99,.