CONSD MERCANTILE COM NPV (Toronto: CMC.TO) (TSE:CMC) Stock Research Trends Targets and Technical Analysis - TSX toronto stock exchange [en]

Today we will analyze the stock CONSD MERCANTILE COM NPV (CMC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CONSD MERCANTILE COM NPV (CMC.TO)
1- Last bullish trend was from 2.40 $ (1/11/2010) to 2.80 $ (2/4/2010) a 0.40 $ move 2- The current bearish trend started from 2.80 $ at 2/4/2010 and is currently trading at 2.26 $. 3- CMC.TO current support level is at 2.15 which is the 161.80 % fibonacci retracement of the last 0.40 $ move.
4- CMC.TO current resistance level is at 2.29 which is the 127.20 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CONSD MERCANTILE COM NPV (CMC.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.400 and 2.160 that was broken down at 2.500 transforming into a resistance line.
CONSD MERCANTILE COM NPV (CMC.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.400 and 2.160 that was broken down at 2.500 transforming into a resistance line.
CONSD MERCANTILE COM NPV (CMC.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 2.160 .

Stock Trading Conclusion:
CONSD MERCANTILE COM NPV (CMC.TO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 2.29, 2.39, 2.40, 2.47, 2.53, 2.55, 2.59, 2.60, 2.65, 2.71, 2.80, 4.51,.
Stock Support levels : 2.18,.