Today we will analyze the stock TAIWAN MASK CORP TWD10 (2338.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in TAIWAN MASK CORP TWD10 (2338.TW)
1- Last bullish trend was from 11.00 $ (3/14/2012) to 11.65 $ (3/30/2012) a 0.65 $ move 2- The current bearish trend started from 11.65 $ at 3/30/2012 and is currently trading at 11.30 $.
3- 2338.TW current support level is at 11.25 which is the 61.80 % fibonacci retracement of the last 0.65 $ move.
4- 2338.TW current resistance level is at 11.32 which is the 50.00 % fibonacci retracement of the last 0.65 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TAIWAN MASK CORP TWD10 (2338.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 11.650 .
7- The Stock formed a 1.200 $ height triangle which was broken down at 11.250, target of the pattern is 10.050.
TAIWAN MASK CORP TWD10 (2338.TW) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 10.450 and 9.800 that was broken down at 11.050 transforming into a resistance line.
TAIWAN MASK CORP TWD10 (2338.TW) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 2.950 $ height triangle which was broken up at 10.400 in higher than usual volume, target of the pattern is 13.350.

Stock Trading Conclusion:
TAIWAN MASK CORP TWD10 (2338.TW) was trading in a bearish 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 : 11.32, 11.38, 11.40, 11.43, 11.48, 11.50, 11.52, 11.60, 11.65, 12.69, 13.35.
Stock Support levels : 11.25, 11.00, 10.82, 10.60, 10.05,.