Today we will analyze the stock SHAN LOONG TRANSPO TWD10 (2616.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in SHAN LOONG TRANSPO TWD10 (2616.TW)
1- Last bullish trend was from 17.25 $ (12/20/2011) to 19.70 $ (3/28/2012) a 2.45 $ move 2- The current bearish trend started from 19.70 $ at 3/28/2012 and is currently trading at 18.85 $.
3- 2616.TW current support level is at 18.76 which is the 38.20 % fibonacci retracement of the last 2.45 $ move.
4- 2616.TW current resistance level is at 19.12 which is the 23.60 % fibonacci retracement of the last 2.45 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHAN LOONG TRANSPO TWD10 (2616.TW) Short term stock chart patterns for internet stock trading :

None.
SHAN LOONG TRANSPO TWD10 (2616.TW) Mid term stock chart patterns for internet stock trading :

None.
SHAN LOONG TRANSPO TWD10 (2616.TW) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.450 and 14.570, and is currently supporting at 17.252.

Stock Trading Conclusion:
SHAN LOONG TRANSPO TWD10 (2616.TW) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 19.05, 19.12, 19.17, 19.28, 19.38, 19.70,.
Stock Support levels : 18.76, 18.48, 18.19, 17.25, 17.25, 16.58,.