Today we will analyze the stock SHIPPING COR (SCI.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in SHIPPING COR (SCI.BO)
1- Last bullish trend was from 172.90 $ (10/29/2010) to 185.15 $ (11/4/2010) a 12.25 $ move 2- The current bearish trend started from 185.15 $ at 11/4/2010 and is currently trading at 154.00 $.
3- 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.
SHIPPING COR (SCI.BO) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 36.090 $ height triangle which was broken down at 173.750, target of the pattern is 137.660.
SHIPPING COR (SCI.BO) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 36.090 $ height triangle which was broken down at 173.750, target of the pattern is 137.660.
SHIPPING COR (SCI.BO) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 148.970 and 139.700 that was broken down at 165.100 transforming into a resistance line.

Stock Trading Conclusion:
SHIPPING COR (SCI.BO) 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 : 161.35, 165.90, 169.08, 169.57, 173.25, 179.13, 185.15.
Stock Support levels : 137.66,.