Today we will analyze the stock GLOBAL CONSUMER ACQ (GHC) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in GLOBAL CONSUMER ACQ (GHC)
1- Last bullish trend was from 8.81 $ (12/19/2008) to 9.89 $ (8/14/2009) a 1.08 $ move 2- The current bearish trend started from 9.89 $ at 8/14/2009 and is currently trading at 9.25 $.
3- GHC current support level is at 9.22 which is the 61.80 % fibonacci retracement of the last 1.08 $ move.
4- GHC current resistance level is at 9.35 which is the 50.00 % fibonacci retracement of the last 1.08 $ 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.
GLOBAL CONSUMER ACQ (GHC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.810 and 8.400 that was broken down at 9.570 transforming into a resistance line.
GLOBAL CONSUMER ACQ (GHC) Mid term stock chart patterns for internet stock trading :

None.
GLOBAL CONSUMER ACQ (GHC) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
GLOBAL CONSUMER ACQ (GHC) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 9.35, 9.40, 9.48, 9.49, 9.57, 9.64, 9.65, 9.89, 10.35.
Stock Support levels : 9.22, 8.81, 8.52,.