Today we will analyze the stock NOVABAY PHARMACEUTICALS INC (NBY.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in NOVABAY PHARMACEUTICALS INC (NBY.TO)
1- Last bullish trend was from 1.00 $ (12/23/2008) to 1.54 $ (1/7/2009) a 0.54 $ move 2- The current bearish trend started from 1.54 $ at 1/7/2009 and is currently trading at 1.15 $.
3- NBY.TO current support level is at 1.00 which is the 100.00 % fibonacci retracement of the last 0.54 $ move.
4- NBY.TO current resistance level is at 1.21 which is the 61.80 % fibonacci retracement of the last 0.54 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
NOVABAY PHARMACEUTICALS INC (NBY.TO) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 1.000 and 1.500,resistance between 1.540 and 1.750, the stock channel is currently supported from below by 0.804 and resisted from above by 1.519.
NOVABAY PHARMACEUTICALS INC (NBY.TO) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 1.000 and 1.500,resistance between 1.540 and 1.750, the stock channel is currently supported from below by 0.804 and resisted from above by 1.519.
NOVABAY PHARMACEUTICALS INC (NBY.TO) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 1.000 and 1.500,resistance between 1.540 and 1.750, the stock channel is currently supported from below by 0.804 and resisted from above by 1.519.

Stock Trading Conclusion:
NOVABAY PHARMACEUTICALS INC (NBY.TO) was trading in a bearish wave, which is becoming stronger .
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 : 1.21, 1.24, 1.27, 1.30, 1.33, 1.35, 1.39, 1.41, 1.54,.
Stock Support levels : 1.00, 0.85,.