Today we will analyze the stock FLYTECH TECHNOLOGY TWD10 (6206.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in FLYTECH TECHNOLOGY TWD10 (6206.TW)
1- Last bearish trend was from 73.00 $ (4/19/2012) to 70.80 $ (4/30/2012) a 2.20 $ move 2- The current bullish trend started from 70.80 $ at 4/30/2012 and is currently trading at 72.30 $.
3- 6206.TW current support level is at 72.16 which is the 61.80 % fibonacci retracement of the last 2.20 $ move.
4- 6206.TW current resistance level is at 73.00 which is the 100.00 % fibonacci retracement of the last 2.20 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
FLYTECH TECHNOLOGY TWD10 (6206.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 7.600 $ height triangle which was broken up at 72.800 in higher than usual volume, target of the pattern is 80.400.
FLYTECH TECHNOLOGY TWD10 (6206.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 68.800 and 51.200 that was broken down at 71.300 transforming into a resistance line.
FLYTECH TECHNOLOGY TWD10 (6206.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 76.400 and 78.000, and is currently resisting at 76.017.

Stock Trading Conclusion:
FLYTECH TECHNOLOGY TWD10 (6206.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 : 73.00, 73.60, 74.32, 74.36, 76.02, 80.40.
Stock Support levels : 72.16, 71.95, 71.90, 71.73, 71.64, 71.55, 71.37, 71.37, 71.32, 70.80,.