Today we will analyze the stock SEARS CANADA INC COM NPV (SCC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in SEARS CANADA INC COM NPV (SCC.TO)
1- Last bullish trend was from 13.21 $ (3/28/2012) to 13.73 $ (4/30/2012) a 0.52 $ move 2- The current bearish trend started from 13.73 $ at 4/30/2012 and is currently trading at 12.90 $.
3- SCC.TO current support level is at 12.89 which is the 161.80 % fibonacci retracement of the last 0.52 $ move.
4- SCC.TO current resistance level is at 13.07 which is the 127.20 % fibonacci retracement of the last 0.52 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SEARS CANADA INC COM NPV (SCC.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.550 $ height triangle which was broken down at 13.500 in higher than usual volume, target of the pattern is 10.950.
SEARS CANADA INC COM NPV (SCC.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 11.630 and 11.000 that was broken down at 12.000 transforming into a resistance line.
SEARS CANADA INC COM NPV (SCC.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 11.000 and 10.120 that was broken down at 13.770 transforming into a resistance line.

Stock Trading Conclusion:
SEARS CANADA INC COM NPV (SCC.TO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 13.07, 13.10, 13.21, 13.22, 13.31, 13.41, 13.41, 13.47, 13.53, 13.61, 13.73, 14.57, 16.65, 17.06.
Stock Support levels : 12.89,.