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 bullish trend was from 39.70 $ (12/26/2013) to 45.45 $ (2/17/2014) a 5.75 $ move 2- The current bearish trend started from 45.45 $ at 2/17/2014 and is currently trading at 44.80 $.
3- 2424.TW current support level is at 44.09 which is the 23.60 % fibonacci retracement of the last 5.75 $ move.
4- 2424.TW current resistance level is at 45.45 which is the 0.00 % fibonacci retracement of the last 5.75 $ 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 was supported by a support line, identified by two points: 39.700 and 38.800, and is currently supporting at 40.656.
LUNG HWA ELECTRONI TWD10 (2424.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 39.700 and 38.800, and is currently supporting at 40.656.
LUNG HWA ELECTRONI TWD10 (2424.TW) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 28.850 and 24.900,resistance between 36.150 and 28.900, the stock channel is currently supported from below by 38.754 and resisted from above by 48.636.

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 no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 44.95, 45.05, 45.13, 45.20, 45.45,.
Stock Support levels : 44.09, 43.25, 42.58, 41.90, 40.66, 39.70, 38.14,.