Today we will analyze the stock LUNG HWA ELECTRONI TWD10 (2424.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in LUNG HWA ELECTRONI TWD10 (2424.TW)
1- Last bearish trend was from 16.40 $ (4/30/2012) to 15.90 $ (5/3/2012) a 0.50 $ move 2- The current bullish trend started from 15.90 $ at 5/3/2012 and is currently trading at 16.40 $.
3- 2424.TW current support level is at 16.40 which is the 100.00 % fibonacci retracement of the last 0.50 $ move.
4- 2424.TW current resistance level is at 16.54 which is the 127.20 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LUNG HWA ELECTRONI TWD10 (2424.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.900 $ height triangle which was broken up at 16.400, target of the pattern is 19.300.
LUNG HWA ELECTRONI TWD10 (2424.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.400 $ height triangle which was broken down at 16.900, target of the pattern is 12.500.
LUNG HWA ELECTRONI TWD10 (2424.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 14.600 and 12.550 that was broken down at 16.650 transforming into a resistance line.

Stock Trading Conclusion:
LUNG HWA ELECTRONI TWD10 (2424.TW) was trading in a bullish 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 : 16.54, 16.71, 17.07, 17.95, 19.30.
Stock Support levels : 16.28, 16.21, 16.15, 16.09, 16.02, 15.96, 15.90,.