Today we will analyze the stock HUNG CHOU CHEMICAL TWD10 (1413.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in HUNG CHOU CHEMICAL TWD10 (1413.TW)
1- Last bearish trend was from 4.70 $ (4/13/2012) to 4.45 $ (4/18/2012) a 0.25 $ move 2- The current bullish trend started from 4.45 $ at 4/18/2012 and is currently trading at 4.53 $.
3- 1413.TW current support level is at 4.51 which is the 23.60 % fibonacci retracement of the last 0.25 $ move.
4- 1413.TW current resistance level is at 4.55 which is the 38.20 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
HUNG CHOU CHEMICAL TWD10 (1413.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.390 $ height triangle which was broken up at 4.540, target of the pattern is 5.930.
HUNG CHOU CHEMICAL TWD10 (1413.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 4.400 and 5.620,resistance between 5.970 and 6.260 which was broken up at 4.650 in higher than usual volume.
HUNG CHOU CHEMICAL TWD10 (1413.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
HUNG CHOU CHEMICAL TWD10 (1413.TW) was trading in a strong bearish wave, which is becoming weaker .
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 : 4.55, 4.57, 4.60, 4.70, 4.77, 4.85, 5.93.
Stock Support levels : 4.51, 4.51, 4.50, 4.49, 4.48, 4.45, 4.30,.