Today we will analyze the stock LITE-ON SEMICONDUC TWD10 (5305.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in LITE-ON SEMICONDUC TWD10 (5305.TW)
1- Last bullish trend was from 14.90 $ (4/27/2012) to 17.10 $ (5/4/2012) a 2.20 $ move 2- The current bearish trend started from 17.10 $ at 5/4/2012 and is currently trading at 16.45 $.
3- 5305.TW current support level is at 16.26 which is the 38.20 % fibonacci retracement of the last 2.20 $ move.
4- 5305.TW current resistance level is at 16.58 which is the 23.60 % fibonacci retracement of the last 2.20 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LITE-ON SEMICONDUC TWD10 (5305.TW) Short term stock chart patterns for internet stock trading :

None.
LITE-ON SEMICONDUC TWD10 (5305.TW) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 16.700 and 19.200 that was broken up at 16.100 transforming into a supporting line.
LITE-ON SEMICONDUC TWD10 (5305.TW) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 16.700 and 19.200 that was broken up at 16.100 transforming into a supporting line.

Stock Trading Conclusion:
LITE-ON SEMICONDUC TWD10 (5305.TW) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 16.58, 16.60, 16.70, 16.78, 16.85, 17.10,.
Stock Support levels : 16.26, 16.00, 15.74, 15.53, 14.90, 14.30,.