Today we will analyze the stock TATUNG CO LTD TWD10 (2371.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in TATUNG CO LTD TWD10 (2371.TW)
1- Last bullish trend was from 7.76 $ (4/24/2012) to 8.17 $ (5/2/2012) a 0.41 $ move 2- The current bearish trend started from 8.17 $ at 5/2/2012 and is currently trading at 7.82 $.
3- 2371.TW current support level is at 7.76 which is the 100.00 % fibonacci retracement of the last 0.41 $ move.
4- 2371.TW current resistance level is at 7.92 which is the 61.80 % fibonacci retracement of the last 0.41 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
TATUNG CO LTD TWD10 (2371.TW) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 7.760 and 8.000,resistance between 8.170 and 8.450, the stock channel is currently supported from below by 7.568 and resisted from above by 8.094.
TATUNG CO LTD TWD10 (2371.TW) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 10.050 and 12.400, and is currently resisting at 8.955.
TATUNG CO LTD TWD10 (2371.TW) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 10.050 and 12.400, and is currently resisting at 8.955.

Stock Trading Conclusion:
TATUNG CO LTD TWD10 (2371.TW) was trading in a bearish wave, which is becoming weaker .
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 : 7.90, 7.92, 7.95, 7.97, 8.00, 8.01, 8.04, 8.07, 8.17, 8.95,.
Stock Support levels : 7.76, 7.65,.