Today we will analyze the stock Waccamaw Bankshares Inc (WBNK) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Waccamaw Bankshares Inc (WBNK)
1- Last bullish trend was from 0.14 $ (4/25/2012) to 0.16 $ (4/30/2012) a 0.02 $ move 2- The current bearish trend started from 0.16 $ at 4/30/2012 and is currently trading at 0.10 $.
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.
Waccamaw Bankshares Inc (WBNK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 0.140 that failed and formed a resistance.
5- The Stock formed Double Top Pattern at 0.160 .
Waccamaw Bankshares Inc (WBNK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.140 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.160 .
Waccamaw Bankshares Inc (WBNK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.140 that failed and formed a resistance.
9- The Stock formed Double Top Pattern at 0.160 .

Stock Trading Conclusion:
Waccamaw Bankshares Inc (WBNK) 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 : 0.114, 0.123, 0.130, 0.137, 0.140, 0.160,.
Stock Support levels :.