Today we’ll analyze the stock Yahoo Inc (YHOO) for online market trading,
Technical indicators to notice in Yahoo Inc (YHOO)
1- Last bullish trend was from 25.26$ (5/12/2008) to 27.75$ (5/15/2008) a 2.49$ move
2- The current bearish trend started from 27.75$ at 5/15/2008 and is currently trading at 22.73$.

3- According to ADX, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Yahoo Inc (YHOO) Short term chart patterns :

4- The Stock was supported by a support line, identified by two points: 25.26 and 24.37 that was broken down at 27 transforming into a resistance line.
Yahoo Inc (YHOO) Mid term chart patterns :

5- The Stock was resisted by a resistance line, identified by two points: 27.75 and 28.67, and is currently resisting at 25.2967.
Yahoo Inc (YHOO) Long term chart patterns :

6- The Stock traded in a bearish channel identifed by support at 24.37 and 25.85, resistance between 27.75 and 28.99 which was broken down at 22.91.

Conclusion:
Yahoo Inc (YHOO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 22.98, 23.91, 24.09, 24.65, 25.24, 25.30, 25.83, 26.80, 27.75, 28.68, 28.97, 30.07, 31.65, 32.09, 33.12, 33.22, 33.33, 34.12, 35.54, 37.68, 38.17, 42.22, 47.85.
Support Levels: 17.54, 14.97, 14.88, 11.49, 8.89, 8.85, 8.82, 8.14, 8.10, 7.46, 7.25, 7.22,.