Today we will analyze the stock PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO)
1- Last bearish trend was from 21.83 $ (8/6/2010) to 19.37 $ (8/26/2010) a 2.46 $ move 2- The current bullish trend started from 19.37 $ at 8/26/2010 and is currently trading at 20.09 $.
3- POU.TO current support level is at 19.95 which is the 23.60 % fibonacci retracement of the last 2.46 $ move.
4- POU.TO current resistance level is at 20.31 which is the 38.20 % fibonacci retracement of the last 2.46 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 19.370 and 17.830,resistance between 21.830 and 20.400, the stock channel is currently supported from below by 19.546 and resisted from above by 22.565.
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 17.830 and 16.600,resistance between 21.830 and 20.400, the stock channel is currently supported from below by 19.329 and resisted from above by 22.565.
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 17.830 and 15.480, and is currently supporting at 19.121.

Stock Trading Conclusion:
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 20.31, 20.60, 20.89, 21.83, 22.50, 23.35.
Stock Support levels : 19.95, 19.92, 19.81, 19.73, 19.65, 19.37,.