Today we will analyze the stock SHOPPERS DRUG MART COM NPV (SC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in SHOPPERS DRUG MART COM NPV (SC.TO)
1- Last bullish trend was from 39.33 $ (2/10/2012) to 44.31 $ (4/2/2012) a 4.98 $ move 2- The current bearish trend started from 44.31 $ at 4/2/2012 and is currently trading at 41.73 $.
3- SC.TO current support level is at 41.23 which is the 61.80 % fibonacci retracement of the last 4.98 $ move.
4- SC.TO current resistance level is at 41.82 which is the 50.00 % fibonacci retracement of the last 4.98 $ 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.
SHOPPERS DRUG MART COM NPV (SC.TO) Short term stock chart patterns for internet stock trading :

None.
SHOPPERS DRUG MART COM NPV (SC.TO) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 39.330 and 36.720,resistance between 42.700 and 41.060, the stock channel is currently supported from below by 40.524 and resisted from above by 44.324.
SHOPPERS DRUG MART COM NPV (SC.TO) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 17.480 $ height triangle which was broken up at 40.250, target of the pattern is 57.730.

Stock Trading Conclusion:
SHOPPERS DRUG MART COM NPV (SC.TO) was trading in a strong 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 : 41.82, 42.34, 42.41, 42.72, 43.02, 43.13, 43.32, 44.31, 57.73.
Stock Support levels : 41.23, 39.33, 38.66, 37.98,.