Today we will analyze the stock TONG-TAI MACHINE T TWD10 (4526.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in TONG-TAI MACHINE T TWD10 (4526.TW)
1- Last bullish trend was from 26.00 $ (4/27/2012) to 27.40 $ (5/2/2012) a 1.40 $ move 2- The current bearish trend started from 27.40 $ at 5/2/2012 and is currently trading at 26.55 $.
3- 4526.TW current support level is at 26.53 which is the 61.80 % fibonacci retracement of the last 1.40 $ move.
4- 4526.TW current resistance level is at 26.70 which is the 50.00 % fibonacci retracement of the last 1.40 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TONG-TAI MACHINE T TWD10 (4526.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 27.400 and 28.950, and is currently resisting at 27.126.
TONG-TAI MACHINE T TWD10 (4526.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 28.950 and 32.550 that was broken up at 28.100 transforming into a supporting line.
TONG-TAI MACHINE T TWD10 (4526.TW) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 9.950 $ height triangle which was broken down at 30.100, target of the pattern is 20.150.

Stock Trading Conclusion:
TONG-TAI MACHINE T TWD10 (4526.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 : 26.70, 26.75, 26.87, 26.87, 26.97, 27.07, 27.08, 27.13, 27.40, 28.95, 34.69.
Stock Support levels : 26.53, 26.00, 25.62, 25.13, 20.15,.