Today we will analyze the stock ONCOLYTICS BIOTECH COM NPV (ONC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in ONCOLYTICS BIOTECH COM NPV (ONC.TO)
1- Last bullish trend was from 3.55 $ (4/27/2012) to 3.70 $ (5/1/2012) a 0.15 $ move 2- The current bearish trend started from 3.70 $ at 5/1/2012 and is currently trading at 3.39 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
4- Bullish Divergance in MACD Indicator .
ONCOLYTICS BIOTECH COM NPV (ONC.TO) Short term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 3.550 and 3.580,resistance between 3.700 and 3.740 which was broken down at 3.390 in higher than usual volume.
ONCOLYTICS BIOTECH COM NPV (ONC.TO) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.950 and 4.380 that was broken up at 3.600 transforming into a supporting line.
ONCOLYTICS BIOTECH COM NPV (ONC.TO) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 3.520 that failed and formed a resistance.
8- The Stock was supported by a support line, identified by two points: 3.520 and 3.510 that was broken down at 3.530 transforming into a resistance line.

Stock Trading Conclusion:
ONCOLYTICS BIOTECH COM NPV (ONC.TO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 3.46, 3.49, 3.51, 3.54, 3.55, 3.58, 3.70, 4.38.
Stock Support levels : 3.25.