Today we will analyze the stock FALCON POWER CO. TWD10 (1516.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in FALCON POWER CO. TWD10 (1516.TW)
1- Last bullish trend was from 5.10 $ (4/9/2012) to 5.44 $ (4/10/2012) a 0.34 $ move 2- The current bearish trend started from 5.44 $ at 4/10/2012 and is currently trading at 4.90 $.
3- 1516.TW current support level is at 4.89 which is the 161.80 % fibonacci retracement of the last 0.34 $ move.
4- 1516.TW current resistance level is at 5.01 which is the 127.20 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
FALCON POWER CO. TWD10 (1516.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.440 and 5.510, and is currently resisting at 5.409.
FALCON POWER CO. TWD10 (1516.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.440 and 5.510, and is currently resisting at 5.409.
FALCON POWER CO. TWD10 (1516.TW) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.950 $ height triangle which was broken down at 5.160 in higher than usual volume, target of the pattern is 0.210.

Stock Trading Conclusion:
FALCON POWER CO. TWD10 (1516.TW) 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 : 5.01, 5.03, 5.10, 5.11, 5.17, 5.23, 5.23, 5.27, 5.31, 5.36, 5.41, 5.44, 8.22.
Stock Support levels : 4.89,.