Today we will analyze the stock HONG TAI ELECTRON TWD10 (1612.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in HONG TAI ELECTRON TWD10 (1612.TW)
1- Last bearish trend was from 9.84 $ (4/13/2012) to 9.32 $ (4/24/2012) a 0.52 $ move 2- The current bullish trend started from 9.32 $ at 4/24/2012 and is currently trading at 10.15 $.
3- 1612.TW current support level is at 9.98 which is the 127.20 % fibonacci retracement of the last 0.52 $ move.
4- 1612.TW current resistance level is at 10.16 which is the 161.80 % fibonacci retracement of the last 0.52 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
HONG TAI ELECTRON TWD10 (1612.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.840 and 11.250 that was broken up at 9.800 transforming into a supporting line.
HONG TAI ELECTRON TWD10 (1612.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 9.320 and 8.160, and is currently supporting at 9.435.
HONG TAI ELECTRON TWD10 (1612.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 9.320 and 8.160, and is currently supporting at 9.435.

Stock Trading Conclusion:
HONG TAI ELECTRON TWD10 (1612.TW) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 10.16.
Stock Support levels : 9.98, 9.95, 9.84, 9.83, 9.73, 9.64, 9.64, 9.58, 9.52, 9.44, 9.43, 9.32,.