Today we will analyze the stock GIGASTORAGE CORP TWD10 (2406.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in GIGASTORAGE CORP TWD10 (2406.TW)
1- Last bearish trend was from 24.50 $ (4/13/2012) to 20.40 $ (4/23/2012) a 4.10 $ move 2- The current bullish trend started from 20.40 $ at 4/23/2012 and is currently trading at 23.00 $.
3- 2406.TW current support level is at 22.93 which is the 61.80 % fibonacci retracement of the last 4.10 $ move.
4- 2406.TW current resistance level is at 24.50 which is the 100.00 % fibonacci retracement of the last 4.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GIGASTORAGE CORP TWD10 (2406.TW) Short term stock chart patterns for internet stock trading :

None.
GIGASTORAGE CORP TWD10 (2406.TW) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 24.500 and 28.000 that was broken up at 22.500 transforming into a supporting line.
GIGASTORAGE CORP TWD10 (2406.TW) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 24.500 and 28.000 that was broken up at 22.500 transforming into a supporting line.

Stock Trading Conclusion:
GIGASTORAGE CORP TWD10 (2406.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 : 23.60, 24.50, 25.62, 27.03.
Stock Support levels : 22.93, 22.45, 22.39, 22.01, 21.97, 21.70, 21.41, 21.39, 21.37, 20.40,.