Today we will analyze the stock ZIPPY TECHNOLOGY TWD10 (2420.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in ZIPPY TECHNOLOGY TWD10 (2420.TW)
1- Last bearish trend was from 24.20 $ (4/13/2012) to 23.20 $ (4/23/2012) a 1.00 $ move 2- The current bullish trend started from 23.20 $ at 4/23/2012 and is currently trading at 24.15 $.
3- 2420.TW current support level is at 23.82 which is the 61.80 % fibonacci retracement of the last 1.00 $ move.
4- 2420.TW current resistance level is at 24.20 which is the 100.00 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ZIPPY TECHNOLOGY TWD10 (2420.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 3.050 $ height triangle which was broken up at 23.500, target of the pattern is 26.550.
ZIPPY TECHNOLOGY TWD10 (2420.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 22.900 and 18.850 that was broken down at 24.150 transforming into a resistance line.
ZIPPY TECHNOLOGY TWD10 (2420.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ZIPPY TECHNOLOGY TWD10 (2420.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 : 24.15, 24.20, 24.47, 24.82, 26.55.
Stock Support levels : 23.93, 23.82, 23.79, 23.70, 23.67, 23.58, 23.56, 23.44, 23.20,.