Today we will analyze the stock KENDA RUBBER IND TWD10 (2106.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in KENDA RUBBER IND TWD10 (2106.TW)
1- Last bearish trend was from 36.10 $ (3/16/2012) to 32.65 $ (4/23/2012) a 3.45 $ move 2- The current bullish trend started from 32.65 $ at 4/23/2012 and is currently trading at 34.25 $.
3- 2106.TW current support level is at 33.97 which is the 38.20 % fibonacci retracement of the last 3.45 $ move.
4- 2106.TW current resistance level is at 34.38 which is the 50.00 % fibonacci retracement of the last 3.45 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
KENDA RUBBER IND TWD10 (2106.TW) Short term stock chart patterns for internet stock trading :

None.
KENDA RUBBER IND TWD10 (2106.TW) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 36.100 .
KENDA RUBBER IND TWD10 (2106.TW) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 36.100 .

Stock Trading Conclusion:
KENDA RUBBER IND TWD10 (2106.TW) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 34.38, 34.78, 36.10, 36.16, 37.04, 38.23.
Stock Support levels : 33.97, 33.87, 33.64, 33.46, 33.45, 33.26, 32.65,.