Today we will analyze the stock CHINA WIRE and CABLE TWD10 (1603.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in CHINA WIRE and CABLE TWD10 (1603.TW)
1- Last bearish trend was from 8.58 $ (4/13/2012) to 7.92 $ (4/23/2012) a 0.66 $ move 2- The current bullish trend started from 7.92 $ at 4/23/2012 and is currently trading at 8.40 $.
3- 1603.TW current support level is at 8.33 which is the 61.80 % fibonacci retracement of the last 0.66 $ move.
4- 1603.TW current resistance level is at 8.58 which is the 100.00 % fibonacci retracement of the last 0.66 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHINA WIRE and CABLE TWD10 (1603.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 7.920 .
7- The Stock formed a 1.180 $ height triangle which was broken up at 8.500 in higher than usual volume, target of the pattern is 9.680.
CHINA WIRE and CABLE TWD10 (1603.TW) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 7.920 .
9- The Stock formed a 1.180 $ height triangle which was broken up at 8.500 in higher than usual volume, target of the pattern is 9.680.
CHINA WIRE and CABLE TWD10 (1603.TW) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 9.070 and 9.500, and is currently resisting at 8.793.

Stock Trading Conclusion:
CHINA WIRE and CABLE TWD10 (1603.TW) was trading in a 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 : 8.58, 8.76, 8.79, 8.99, 9.68,.
Stock Support levels : 8.36, 8.33, 8.29, 8.25, 8.22, 8.17, 8.16, 8.10, 8.08, 7.94, 7.92,.