Today we will analyze the stock SOUND BANKING CO. (SNBN.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in SOUND BANKING CO. (SNBN.OB)
1- Last bullish trend was from 4.20 $ (5/1/2012) to 4.75 $ (5/7/2012) a 0.55 $ move 2- The current bearish trend started from 4.75 $ at 5/7/2012 and is currently trading at 4.25 $.
3- SNBN.OB current support level is at 4.20 which is the 100.00 % fibonacci retracement of the last 0.55 $ move.
4- SNBN.OB current resistance level is at 4.41 which is the 61.80 % fibonacci retracement of the last 0.55 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
SOUND BANKING CO. (SNBN.OB) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 3.000 $ height triangle which was broken down at 4.250, target of the pattern is 1.250.
SOUND BANKING CO. (SNBN.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 3.000 $ height triangle which was broken down at 4.250, target of the pattern is 1.250.
SOUND BANKING CO. (SNBN.OB) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 3.000 $ height triangle which was broken down at 4.250, target of the pattern is 1.250.

Stock Trading Conclusion:
SOUND BANKING CO. (SNBN.OB) was trading in a strong 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 : 4.26, 4.37, 4.41, 4.44, 4.47, 4.50, 4.54, 4.56, 4.62, 4.75,.
Stock Support levels : 4.20, 4.05, 3.86, 3.00, 1.25,.