CLAYMORE CND FUNDMNTL INDX ETF (Toronto: CRQ-A.TO) (TSE:CRQ-A) Stock Research Trends Targets and Technical Analysis - TSX toronto stock exchange [en]

Today we will analyze the stock CLAYMORE CND FUNDMNTL INDX ETF (CRQ-A.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CLAYMORE CND FUNDMNTL INDX ETF (CRQ-A.TO)
1- Last bearish trend was from 11.33 $ (1/11/2010) to 10.58 $ (2/5/2010) a 0.75 $ move 2- The current bullish trend started from 10.58 $ at 2/5/2010 and is currently trading at 11.53 $. 3- CRQ-A.TO current support level is at 11.33 which is the 100.00 % fibonacci retracement of the last 0.75 $ move.
4- CRQ-A.TO current resistance level is at 11.53 which is the 127.20 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
CLAYMORE CND FUNDMNTL INDX ETF (CRQ-A.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 10.580 .
CLAYMORE CND FUNDMNTL INDX ETF (CRQ-A.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 10.580 and 10.240, and is currently supporting at 10.690.
CLAYMORE CND FUNDMNTL INDX ETF (CRQ-A.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 8.360 and 9.250 that was broken up at 7.750 transforming into a supporting line.

Stock Trading Conclusion:
CLAYMORE CND FUNDMNTL INDX ETF (CRQ-A.TO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 11.53, 11.79.
Stock Support levels : 11.33, 11.31, 11.17, 11.05, 11.04, 10.95, 10.94, 10.87, 10.76, 10.69, 10.58, 10.58, 10.57,.