Today we will analyze the stock GIGA-BYTE TECH TWD10 (2376.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in GIGA-BYTE TECH TWD10 (2376.TW)
1- Last bearish trend was from 26.70 $ (3/9/2012) to 24.70 $ (4/5/2012) a 2.00 $ move 2- The current bullish trend started from 24.70 $ at 4/5/2012 and is currently trading at 25.95 $.
3- 2376.TW current support level is at 25.94 which is the 61.80 % fibonacci retracement of the last 2.00 $ move.
4- 2376.TW current resistance level is at 26.70 which is the 100.00 % fibonacci retracement of the last 2.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
GIGA-BYTE TECH TWD10 (2376.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 24.700 and 21.200 that was broken down at 25.950 transforming into a resistance line.
GIGA-BYTE TECH TWD10 (2376.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 26.700 and 28.300, and is currently resisting at 26.157.
GIGA-BYTE TECH TWD10 (2376.TW) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 32.400 .

Stock Trading Conclusion:
GIGA-BYTE TECH TWD10 (2376.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 : 25.97, 26.16, 26.70, 27.24, 27.94, 33.05.
Stock Support levels : 25.94, 25.70, 25.66, 25.47, 25.46, 25.33, 25.18, 25.17, 24.70,.