Today we will analyze the stock VIA TECHNOLOGIES TWD10 (2388.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in VIA TECHNOLOGIES TWD10 (2388.TW)
1- Last bullish trend was from 16.40 $ (4/27/2012) to 17.55 $ (5/2/2012) a 1.15 $ move 2- The current bearish trend started from 17.55 $ at 5/2/2012 and is currently trading at 16.90 $.
3- 2388.TW current support level is at 16.84 which is the 61.80 % fibonacci retracement of the last 1.15 $ move.
4- 2388.TW current resistance level is at 16.97 which is the 50.00 % fibonacci retracement of the last 1.15 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
VIA TECHNOLOGIES TWD10 (2388.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.550 and 19.600, and is currently resisting at 17.188.
VIA TECHNOLOGIES TWD10 (2388.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 23.550 that was broken up at 17.550 transforming into a supporting line.
VIA TECHNOLOGIES TWD10 (2388.TW) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 8.650 $ height triangle which was broken down at 17.950 in higher than usual volume, target of the pattern is 9.300.

Stock Trading Conclusion:
VIA TECHNOLOGIES TWD10 (2388.TW) was trading in a strong 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 : 16.97, 17.05, 17.11, 17.15, 17.19, 17.22, 17.28, 17.30, 17.55, 18.97.
Stock Support levels : 16.84, 16.40, 16.31, 16.09, 15.69,.