Today we will analyze the stock NORTHWATER 5 YR MA TRUST UNITS (NYF-UN.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in NORTHWATER 5 YR MA TRUST UNITS (NYF-UN.TO)
1- Last bearish trend was from 5.49 $ (7/13/2009) to 4.61 $ (9/25/2009) a 0.88 $ move 2- The current bullish trend started from 4.61 $ at 9/25/2009 and is currently trading at 4.71 $.
3- NYF-UN.TO current support level is at 4.61 which is the 0.00 % fibonacci retracement of the last 0.88 $ move.
4- NYF-UN.TO current resistance level is at 4.82 which is the 23.60 % fibonacci retracement of the last 0.88 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NORTHWATER 5 YR MA TRUST UNITS (NYF-UN.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 5.490 .
NORTHWATER 5 YR MA TRUST UNITS (NYF-UN.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 5.490 .
8- The Stock formed a 0.720 $ height triangle which was broken down at 4.950 in higher than usual volume, target of the pattern is 4.230.
NORTHWATER 5 YR MA TRUST UNITS (NYF-UN.TO) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 5.490 .
10- The Stock formed a 0.720 $ height triangle which was broken down at 4.950 in higher than usual volume, target of the pattern is 4.230.

Stock Trading Conclusion:
NORTHWATER 5 YR MA TRUST UNITS (NYF-UN.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 : 4.82, 4.95, 5.05, 5.15, 5.49, 5.73, 6.03, 6.03, 6.05, 6.06, 6.63,.
Stock Support levels : 4.69, 4.67, 4.66, 4.65, 4.61, 4.23,.