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 42.65 $ (1/3/2012) to 32.94 $ (1/20/2012) a 9.71 $ move 2- The current bullish trend started from 32.94 $ at 1/20/2012 and is currently trading at 35.85 $.
3- POU.TO current support level is at 35.23 which is the 23.60 % fibonacci retracement of the last 9.71 $ move.
4- POU.TO current resistance level is at 36.65 which is the 38.20 % fibonacci retracement of the last 9.71 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) Short term stock chart patterns for internet stock trading :

None.
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 32.940 and 28.300, and is currently supporting at 33.567.
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PARAMOUNT RESOURCE COM NPV CLS’ (POU.TO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 36.65, 37.79, 38.94, 42.65, 45.29, 48.65.
Stock Support levels : 35.23, 35.16, 34.74, 34.39, 34.05, 33.57, 32.94,.