Today we will analyze the stock Young Broadcasting (YBTVA) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Young Broadcasting (YBTVA)
1- Last bullish trend was from 0.02 $ (2/12/2009) to 0.04 $ (2/13/2009) a 0.02 $ move 2- The current bearish trend started from 0.04 $ at 2/13/2009 and is currently trading at 0.01 $.
3- YBTVA current support level is at 0.01 which is the 161.80 % fibonacci retracement of the last 0.02 $ move.
4- YBTVA current resistance level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Young Broadcasting (YBTVA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.020 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.040 .
Young Broadcasting (YBTVA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.020 that failed and formed a resistance.
9- The Stock formed Double Top Pattern at 0.040 .
Young Broadcasting (YBTVA) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Bottom Pattern at 0.020 that failed and formed a resistance.
11- The Stock formed Double Top Pattern at 0.040 .

Stock Trading Conclusion:
Young Broadcasting (YBTVA) 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 : 0.015, 0.017, 0.020, 0.021, 0.025, 0.028, 0.029, 0.030, 0.032, 0.035, 0.040, 0.080.
Stock Support levels : 0.008.