Today we will analyze the stock REITMANS(CANADA) COM NPV (RET.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in REITMANS(CANADA) COM NPV (RET.TO)
1- Last bullish trend was from 15.09 $ (4/10/2012) to 15.68 $ (4/20/2012) a 0.59 $ move 2- The current bearish trend started from 15.68 $ at 4/20/2012 and is currently trading at 15.21 $.
3- RET.TO current support level is at 15.09 which is the 100.00 % fibonacci retracement of the last 0.59 $ move.
4- RET.TO current resistance level is at 15.32 which is the 61.80 % fibonacci retracement of the last 0.59 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
REITMANS(CANADA) COM NPV (RET.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.310 $ height triangle which was broken down at 15.250, target of the pattern is 13.940.
REITMANS(CANADA) COM NPV (RET.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 14.940 and 15.430 that was broken up at 14.670 transforming into a supporting line.
REITMANS(CANADA) COM NPV (RET.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 13.630 .
9- The Stock formed a 2.820 $ height triangle which was broken up at 14.670 in higher than usual volume, target of the pattern is 17.490.

Stock Trading Conclusion:
REITMANS(CANADA) COM NPV (RET.TO) was trading in a bearish wave, which is becoming weaker .
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 : 15.27, 15.32, 15.32, 15.39, 15.39, 15.44, 15.45, 15.50, 15.54, 15.68, 17.49.
Stock Support levels : 15.09, 14.93, 14.73, 13.94, 13.56, 13.22,.