Today we will analyze the stock SUNREX TECHNOLOGY TWD10 (2387.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in SUNREX TECHNOLOGY TWD10 (2387.TW)
1- Last bearish trend was from 18.30 $ (12/16/2011) to 15.95 $ (1/16/2012) a 2.35 $ move 2- The current bullish trend started from 15.95 $ at 1/16/2012 and is currently trading at 17.60 $.
3- 2387.TW current support level is at 17.40 which is the 61.80 % fibonacci retracement of the last 2.35 $ move.
4- 2387.TW current resistance level is at 18.30 which is the 100.00 % fibonacci retracement of the last 2.35 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
SUNREX TECHNOLOGY TWD10 (2387.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 18.300 and 19.600 that was broken up at 16.400 transforming into a supporting line.
SUNREX TECHNOLOGY TWD10 (2387.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 19.600 and 21.750, and is currently resisting at 17.620.
SUNREX TECHNOLOGY TWD10 (2387.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 21.750 and 22.900, and is currently resisting at 19.127.

Stock Trading Conclusion:
SUNREX TECHNOLOGY TWD10 (2387.TW) was trading in a strong bullish 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 : 17.62, 18.30, 18.94, 19.13, 19.75.
Stock Support levels : 17.40, 17.21, 17.13, 16.97, 16.85, 16.77, 16.58, 16.50, 15.95,.