Today we will analyze the stock MAYWUFA CO TWD10 (1731.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in MAYWUFA CO TWD10 (1731.TW)
1- Last bearish trend was from 13.30 $ (4/25/2012) to 12.55 $ (4/27/2012) a 0.75 $ move 2- The current bullish trend started from 12.55 $ at 4/27/2012 and is currently trading at 13.20 $.
3- 1731.TW current support level is at 13.01 which is the 61.80 % fibonacci retracement of the last 0.75 $ move.
4- 1731.TW current resistance level is at 13.30 which is the 100.00 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently 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.
MAYWUFA CO TWD10 (1731.TW) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 12.550 and 11.550,resistance between 13.300 and 12.100 which was broken down at 13.200 in higher than usual volume.
MAYWUFA CO TWD10 (1731.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 13.800 and 14.150, and is currently resisting at 13.380.
MAYWUFA CO TWD10 (1731.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 11.500 and 10.200, and is currently supporting at 11.901.

Stock Trading Conclusion:
MAYWUFA CO TWD10 (1731.TW) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 13.26, 13.30, 13.38, 13.50, 13.76.
Stock Support levels : 13.05, 13.01, 12.95, 12.93, 12.88, 12.84, 12.80, 12.73, 12.55, 11.90,.