Today we will analyze the stock IMPERIAL OIL COM NPV (IMO.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in IMPERIAL OIL COM NPV (IMO.TO)
1- Last bullish trend was from 42.63 $ (4/10/2012) to 45.99 $ (4/30/2012) a 3.36 $ move 2- The current bearish trend started from 45.99 $ at 4/30/2012 and is currently trading at 44.39 $.
3- IMO.TO current support level is at 44.31 which is the 50.00 % fibonacci retracement of the last 3.36 $ move.
4- IMO.TO current resistance level is at 44.71 which is the 38.20 % fibonacci retracement of the last 3.36 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
IMPERIAL OIL COM NPV (IMO.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 45.990 .
IMPERIAL OIL COM NPV (IMO.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 42.630 and 38.830, and is currently supporting at 43.406.
IMPERIAL OIL COM NPV (IMO.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 38.830 and 35.000 that was broken down at 45.470 transforming into a resistance line.

Stock Trading Conclusion:
IMPERIAL OIL COM NPV (IMO.TO) was trading in a bearish wave, which is becoming weaker .
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 : 44.71, 44.77, 45.00, 45.19, 45.20, 45.38, 45.89, 45.94, 45.99, 46.09, 50.42.
Stock Support levels : 44.31, 43.91, 43.41, 42.63, 41.72,.