Today we will analyze the stock WAN HAI LINES TWD10 (2615.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in WAN HAI LINES TWD10 (2615.TW)
1- Last bullish trend was from 14.80 $ (4/30/2012) to 15.40 $ (5/2/2012) a 0.60 $ move 2- The current bearish trend started from 15.40 $ at 5/2/2012 and is currently trading at 14.85 $.
3- 2615.TW current support level is at 14.80 which is the 100.00 % fibonacci retracement of the last 0.60 $ move.
4- 2615.TW current resistance level is at 15.03 which is the 61.80 % fibonacci retracement of the last 0.60 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
WAN HAI LINES TWD10 (2615.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.800 and 14.650 that was broken down at 14.850 transforming into a resistance line.
WAN HAI LINES TWD10 (2615.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.750 $ height triangle which was broken up at 15.400 in higher than usual volume, target of the pattern is 20.150 which was broken down at 16.700, target of the pattern is 11.950.
WAN HAI LINES TWD10 (2615.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
WAN HAI LINES TWD10 (2615.TW) was trading in a bearish 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 : 14.90, 14.98, 15.03, 15.06, 15.10, 15.13, 15.17, 15.19, 15.26, 15.40, 16.84, 16.88, 18.16, 20.15.
Stock Support levels : 14.81, 14.80, 14.64, 14.43,.