Today we will analyze the stock GOOD WILL INSTRUME TWD10 (2423.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in GOOD WILL INSTRUME TWD10 (2423.TW)
1- Last bearish trend was from 20.25 $ (2/26/2014) to 19.40 $ (3/6/2014) a 0.85 $ move 2- The current bullish trend started from 19.40 $ at 3/6/2014 and is currently trading at 19.95 $.
3- 2423.TW current support level is at 19.93 which is the 61.80 % fibonacci retracement of the last 0.85 $ move.
4- 2423.TW current resistance level is at 20.25 which is the 100.00 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GOOD WILL INSTRUME TWD10 (2423.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 19.400 and 17.400, and is currently supporting at 19.466.
GOOD WILL INSTRUME TWD10 (2423.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 14.800 and 16.390,resistance between 19.150 and 20.730 which was broken up at 17.150 in higher than usual volume.
GOOD WILL INSTRUME TWD10 (2423.TW) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 14.800 and 16.390,resistance between 19.150 and 20.730 which was broken up at 17.150 in higher than usual volume.

Stock Trading Conclusion:
GOOD WILL INSTRUME TWD10 (2423.TW) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 20.25, 20.48, 20.78.
Stock Support levels : 19.93, 19.83, 19.82, 19.74, 19.72, 19.67, 19.61, 19.60, 19.47, 19.40, 18.30, 14.56,.