Today we will analyze the stock CHINA SYNTH RUBBER TWD10 (2104.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in CHINA SYNTH RUBBER TWD10 (2104.TW)
1- Last bearish trend was from 29.90 $ (3/23/2012) to 27.90 $ (4/9/2012) a 2.00 $ move 2- The current bullish trend started from 27.90 $ at 4/9/2012 and is currently trading at 29.10 $.
3- 2104.TW current support level is at 28.90 which is the 50.00 % fibonacci retracement of the last 2.00 $ move.
4- 2104.TW current resistance level is at 29.14 which is the 61.80 % fibonacci retracement of the last 2.00 $ 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.
CHINA SYNTH RUBBER TWD10 (2104.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 29.900 and 30.500 that was broken up at 29.400 transforming into a supporting line.
CHINA SYNTH RUBBER TWD10 (2104.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 26.300 and 22.650 that was broken down at 28.300 transforming into a resistance line.
CHINA SYNTH RUBBER TWD10 (2104.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 32.600 and 34.100, and is currently resisting at 31.533.

Stock Trading Conclusion:
CHINA SYNTH RUBBER TWD10 (2104.TW) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 29.14, 29.80, 29.90, 30.44, 31.14, 31.53.
Stock Support levels : 28.90, 28.82, 28.81, 28.66, 28.64, 28.50, 28.37, 28.36, 27.90,.