Today we will analyze the stock YUE YUEN INDUSTRIAL (YUE1.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in YUE YUEN INDUSTRIAL (YUE1.MU)
1- Last bearish trend was from 2.72 $ (4/12/2012) to 2.52 $ (4/30/2012) a 0.20 $ move 2- The current bullish trend started from 2.52 $ at 4/30/2012 and is currently trading at 2.60 $.
3- YUE1.MU current support level is at 2.60 which is the 38.20 % fibonacci retracement of the last 0.20 $ move.
4- YUE1.MU current resistance level is at 2.62 which is the 50.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
YUE YUEN INDUSTRIAL (YUE1.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.720 and 2.750, and is currently resisting at 2.680.
YUE YUEN INDUSTRIAL (YUE1.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.290 and 1.710 that was broken down at 2.640 transforming into a resistance line.
YUE YUEN INDUSTRIAL (YUE1.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.850 $ height triangle which was broken up at 2.570, target of the pattern is 3.420 which was broken down at 2.640, target of the pattern is 1.790.

Stock Trading Conclusion:
YUE YUEN INDUSTRIAL (YUE1.MU) 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 : 2.62, 2.64, 2.68, 2.72, 2.74, 2.77, 2.84, 3.42.
Stock Support levels : 2.60, 2.58, 2.57, 2.57, 2.56, 2.55, 2.52, 2.52,.