Today we will analyze the stock CHINACAST EDUCATION (CAST) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in CHINACAST EDUCATION (CAST)
1- Last bullish trend was from 4.25 $ (3/26/2012) to 4.45 $ (3/28/2012) a 0.20 $ move 2- The current bearish trend started from 4.45 $ at 3/28/2012 and is currently trading at 4.24 $.
3- CAST current support level is at 4.20 which is the 127.20 % fibonacci retracement of the last 0.20 $ move.
4- CAST current resistance level is at 4.25 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
CHINACAST EDUCATION (CAST) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.450 and 4.760 that was broken up at 4.240 transforming into a supporting line.
CHINACAST EDUCATION (CAST) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4.760 and 5.390 that was broken up at 4.450 transforming into a supporting line.
CHINACAST EDUCATION (CAST) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 5.300 and 5.610,resistance between 6.040 and 6.390 which was broken down at 5.030 in higher than usual volume.

Stock Trading Conclusion:
CHINACAST EDUCATION (CAST) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 4.25, 4.29, 4.32, 4.33, 4.34, 4.35, 4.37, 4.37, 4.40, 4.45, 4.48.
Stock Support levels : 4.20, 4.13, 2.65,.