Today we will analyze the stock Shine Media Acquisition Corp. (SHND.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Shine Media Acquisition Corp. (SHND.OB)
1- Last bearish trend was from 5.85 $ (11/28/2008) to 5.40 $ (12/23/2008) a 0.45 $ move 2- The current bullish trend started from 5.40 $ at 12/23/2008 and is currently trading at 5.80 $.
3- SHND.OB current support level is at 5.68 which is the 61.80 % fibonacci retracement of the last 0.45 $ move.
4- SHND.OB current resistance level is at 5.85 which is the 100.00 % fibonacci retracement of the last 0.45 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
Shine Media Acquisition Corp. (SHND.OB) Short term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 5.400 $ and 5.850 $.

Shine Media Acquisition Corp. (SHND.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 5.400 $ and 5.850 $.

Shine Media Acquisition Corp. (SHND.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Shine Media Acquisition Corp. (SHND.OB) was trading in a bullish 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 : 5.85, 5.97, 6.13.
Stock Support levels : 5.71, 5.68, 5.65, 5.63, 5.60, 5.57, 5.55, 5.51, 5.40, 5.39, 5.39, 5.39,.