Today we will analyze the stock CHUNG HSIN ELEC TWD10 (1513.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in CHUNG HSIN ELEC TWD10 (1513.TW)
1- Last bearish trend was from 17.30 $ (3/15/2012) to 16.50 $ (4/5/2012) a 0.80 $ move 2- The current bullish trend started from 16.50 $ at 4/5/2012 and is currently trading at 16.95 $.
3- 1513.TW current support level is at 16.90 which is the 50.00 % fibonacci retracement of the last 0.80 $ move.
4- 1513.TW current resistance level is at 16.99 which is the 61.80 % fibonacci retracement of the last 0.80 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CHUNG HSIN ELEC TWD10 (1513.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.500 and 16.350, and is currently supporting at 16.609.
CHUNG HSIN ELEC TWD10 (1513.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 14.300 .
8- The Stock formed Double Top Pattern at 15.950 that failed, and formed a support .
CHUNG HSIN ELEC TWD10 (1513.TW) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 14.300 .
10- The Stock formed a 4.400 $ height triangle which was broken up at 15.100, target of the pattern is 19.500.

Stock Trading Conclusion:
CHUNG HSIN ELEC TWD10 (1513.TW) was trading in a bullish 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 : 16.99, 17.30, 17.52, 17.79, 19.50.
Stock Support levels : 16.90, 16.84, 16.81, 16.78, 16.73, 16.69, 16.67, 16.61, 16.50, 16.09, 14.22,.