Today we will analyze the stock SHIP FINANCEINTL (UG6.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in SHIP FINANCEINTL (UG6.F)
1- Last bullish trend was from 9.88 $ (4/24/2012) to 10.49 $ (4/27/2012) a 0.61 $ move 2- The current bearish trend started from 10.49 $ at 4/27/2012 and is currently trading at 9.55 $.
3- UG6.F current support level is at 9.50 which is the 161.80 % fibonacci retracement of the last 0.61 $ move.
4- UG6.F current resistance level is at 9.71 which is the 127.20 % fibonacci retracement of the last 0.61 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHIP FINANCEINTL (UG6.F) Short term stock chart patterns for internet stock trading :

None.
SHIP FINANCEINTL (UG6.F) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 2.530 $ height triangle which was broken down at 9.760, target of the pattern is 7.230.
SHIP FINANCEINTL (UG6.F) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
SHIP FINANCEINTL (UG6.F) was trading in a bearish wave, which is becoming weaker .
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 : 9.71, 9.77, 9.88, 9.91, 9.97, 10.02, 10.11, 10.13, 10.18, 10.26, 10.35, 10.49,.
Stock Support levels : 9.50,.