Today we will analyze the stock TAIWAN SEMICON MAN TWD10 (2330.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in TAIWAN SEMICON MAN TWD10 (2330.TW)
1- Last bullish trend was from 82.00 $ (4/10/2012) to 88.90 $ (5/3/2012) a 6.90 $ move 2- The current bearish trend started from 88.90 $ at 5/3/2012 and is currently trading at 85.60 $.
3- 2330.TW current support level is at 85.45 which is the 50.00 % fibonacci retracement of the last 6.90 $ move.
4- 2330.TW current resistance level is at 86.26 which is the 38.20 % fibonacci retracement of the last 6.90 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
TAIWAN SEMICON MAN TWD10 (2330.TW) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 82.000 and 76.200,resistance between 88.900 and 85.800, the stock channel is currently supported from below by 84.373 and resisted from above by 89.148.
TAIWAN SEMICON MAN TWD10 (2330.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 10.400 $ height triangle which was broken up at 71.700 in higher than usual volume, target of the pattern is 82.100.
TAIWAN SEMICON MAN TWD10 (2330.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 77.500 and 78.000 that was broken up at 77.400 transforming into a supporting line.

Stock Trading Conclusion:
TAIWAN SEMICON MAN TWD10 (2330.TW) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 86.26, 86.38, 86.86, 87.25, 87.27, 87.64, 88.90,.
Stock Support levels : 85.45, 84.64, 82.00, 80.12, 77.74, 76.24,.