Today we will analyze the stock CHUN YUAN STEEL TWD10 (2010.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in CHUN YUAN STEEL TWD10 (2010.TW)
1- Last bullish trend was from 12.50 $ (3/7/2012) to 13.00 $ (3/27/2012) a 0.50 $ move 2- The current bearish trend started from 13.00 $ at 3/27/2012 and is currently trading at 12.35 $.
3- 2010.TW current support level is at 12.19 which is the 161.80 % fibonacci retracement of the last 0.50 $ move.
4- 2010.TW current resistance level is at 12.36 which is the 127.20 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CHUN YUAN STEEL TWD10 (2010.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 12.500 and 11.250 that was broken down at 12.800 transforming into a resistance line.
CHUN YUAN STEEL TWD10 (2010.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.950 and 14.450 that was broken up at 11.400 transforming into a supporting line.
CHUN YUAN STEEL TWD10 (2010.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CHUN YUAN STEEL TWD10 (2010.TW) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 12.36, 12.50, 12.50, 12.60, 12.68, 12.69, 12.75, 12.75, 12.81, 12.88, 13.00, 14.33.
Stock Support levels : 12.19,.