Stock Technical indicators to notice in IMPERIAL METALS CP COM NPV (III.TO)
1- Last bearish trend was from 16.40 $ (8/13/2010) to 15.21 $ (8/24/2010) a 1.19 $ move 2- The current bullish trend started from 15.21 $ at 8/24/2010 and is currently trading at 16.01 $.
4- III.TO current resistance level is at 16.40 which is the 100.00 % fibonacci retracement of the last 1.19 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
IMPERIAL METALS CP COM NPV (III.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 16.400 and 17.710 that was broken up at 16.220 transforming into a supporting line.
IMPERIAL METALS CP COM NPV (III.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 17.710 and 19.390, and is currently resisting at 17.045.
IMPERIAL METALS CP COM NPV (III.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 17.710 and 19.390, and is currently resisting at 17.045.
Stock Trading Conclusion:
IMPERIAL METALS CP COM NPV (III.TO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 16.40, 16.72, 17.04, 17.14.
Stock Support levels : 15.95, 15.82, 15.81, 15.70, 15.66, 15.61, 15.52, 15.49, 15.21,.