Today we will analyze the stock YUCHENG TECHNOLOGIES (YTEC) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in YUCHENG TECHNOLOGIES (YTEC)
1- Last bearish trend was from 3.66 $ (7/11/2012) to 3.54 $ (7/18/2012) a 0.12 $ move 2- The current bullish trend started from 3.54 $ at 7/18/2012 and is currently trading at 3.88 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
YUCHENG TECHNOLOGIES (YTEC) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 3.540 .
5- The Stock formed Double Top Pattern at 3.660 that failed, and formed a support .
6- The Stock formed a 0.140 $ height triangle which was broken up at 3.670 in higher than usual volume, target of the pattern is 3.810.
YUCHENG TECHNOLOGIES (YTEC) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 3.210 and 2.910,resistance between 3.550 and 3.190 which was broken down at 3.620 in higher than usual volume.
YUCHENG TECHNOLOGIES (YTEC) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 3.210 and 1.990,resistance between 3.550 and 2.460 which was broken down at 3.610.

Stock Trading Conclusion:
YUCHENG TECHNOLOGIES (YTEC) was trading in a 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 : 4.34, 4.83.
Stock Support levels : 3.80, 3.75, 3.71, 3.70, 3.69, 3.67, 3.67, 3.54, 3.34, 3.30, 3.27,.