Today we will analyze the stock NATIONAL PETROL(TW TWD10 (9937.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in NATIONAL PETROL(TW TWD10 (9937.TW)
1- Last bullish trend was from 30.40 $ (1/16/2012) to 36.50 $ (4/2/2012) a 6.10 $ move 2- The current bearish trend started from 36.50 $ at 4/2/2012 and is currently trading at 34.75 $.
3- 9937.TW current support level is at 34.17 which is the 38.20 % fibonacci retracement of the last 6.10 $ move.
4- 9937.TW current resistance level is at 35.06 which is the 23.60 % fibonacci retracement of the last 6.10 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
NATIONAL PETROL(TW TWD10 (9937.TW) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 30.400 .
NATIONAL PETROL(TW TWD10 (9937.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 30.400 and 35.600,resistance between 36.500 and 41.000, the stock channel is currently supported from below by 28.847 and resisted from above by 35.985.
NATIONAL PETROL(TW TWD10 (9937.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
NATIONAL PETROL(TW TWD10 (9937.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 : 35.06, 35.16, 35.42, 35.63, 35.83, 36.50,.
Stock Support levels : 34.17, 33.45, 32.73, 30.40, 30.30, 30.29, 30.27, 28.74,.