Today we will analyze the stock TA YA ELEC WIR and CAB TWD10 (1609.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in TA YA ELEC WIR and CAB TWD10 (1609.TW)
1- Last bearish trend was from 8.06 $ (4/13/2012) to 7.53 $ (4/24/2012) a 0.53 $ move 2- The current bullish trend started from 7.53 $ at 4/24/2012 and is currently trading at 7.84 $.
3- 1609.TW current support level is at 7.80 which is the 50.00 % fibonacci retracement of the last 0.53 $ move.
4- 1609.TW current resistance level is at 7.86 which is the 61.80 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TA YA ELEC WIR and CAB TWD10 (1609.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.060 and 8.840 that was broken up at 7.700 transforming into a supporting line.
TA YA ELEC WIR and CAB TWD10 (1609.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.530 and 7.450, and is currently supporting at 7.538.
TA YA ELEC WIR and CAB TWD10 (1609.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
TA YA ELEC WIR and CAB TWD10 (1609.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 : 7.86, 8.06, 8.20, 8.39, 8.77.
Stock Support levels : 7.80, 7.77, 7.73, 7.72, 7.69, 7.66, 7.65, 7.54, 7.53,.