Today we will analyze the stock PHOENIX PRECISION TWD10 (2446.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in PHOENIX PRECISION TWD10 (2446.TW)
1- Last bearish trend was from 24.80 $ (10/26/2009) to 22.35 $ (10/29/2009) a 2.45 $ move 2- The current bullish trend started from 22.35 $ at 10/29/2009 and is currently trading at 24.00 $.
3- 2446.TW current support level is at 23.86 which is the 61.80 % fibonacci retracement of the last 2.45 $ move.
4- 2446.TW current resistance level is at 24.80 which is the 100.00 % fibonacci retracement of the last 2.45 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
PHOENIX PRECISION TWD10 (2446.TW) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 24.800 and 25.450 that was broken up at 23.350 transforming into a supporting line.
PHOENIX PRECISION TWD10 (2446.TW) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 22.350 and 21.000, and is currently supporting at 23.289.
PHOENIX PRECISION TWD10 (2446.TW) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 19.000 and 18.400, and is currently supporting at 22.960.

Stock Trading Conclusion:
PHOENIX PRECISION TWD10 (2446.TW) was trading in a bullish wave, which is becoming stronger .
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 : 24.80, 25.47, 26.31.
Stock Support levels : 23.86, 23.61, 23.58, 23.37, 23.29, 23.29, 23.17, 22.98, 22.96, 22.93, 22.35,.