Today we will analyze the stock IGM FINANCIAL INC COM NPV (IGM.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in IGM FINANCIAL INC COM NPV (IGM.TO)
1- Last bullish trend was from 44.30 $ (3/6/2012) to 47.47 $ (3/26/2012) a 3.17 $ move 2- The current bearish trend started from 47.47 $ at 3/26/2012 and is currently trading at 43.86 $.
3- IGM.TO current support level is at 43.44 which is the 127.20 % fibonacci retracement of the last 3.17 $ move.
4- IGM.TO current resistance level is at 44.30 which is the 100.00 % fibonacci retracement of the last 3.17 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
IGM FINANCIAL INC COM NPV (IGM.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 44.300 and 42.980 that was broken down at 45.200 transforming into a resistance line.
IGM FINANCIAL INC COM NPV (IGM.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 40.750 and 39.840, and is currently supporting at 42.201.
IGM FINANCIAL INC COM NPV (IGM.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 39.840 and 36.260, and is currently supporting at 42.081.

Stock Trading Conclusion:
IGM FINANCIAL INC COM NPV (IGM.TO) was trading in a bearish 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 : 44.30, 44.71, 45.24, 45.33, 45.51, 45.67, 45.89, 46.09, 46.26, 46.72, 47.47,.
Stock Support levels : 43.44, 42.34, 42.20,.