Today we will analyze the stock TAIWAN ACCEPTANCE TWD10 (9941.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in TAIWAN ACCEPTANCE TWD10 (9941.TW)
1- Last bearish trend was from 78.40 $ (1/20/2014) to 74.40 $ (2/25/2014) a 4.00 $ move 2- The current bullish trend started from 74.40 $ at 2/25/2014 and is currently trading at 78.50 $.
3- 9941.TW current support level is at 78.40 which is the 100.00 % fibonacci retracement of the last 4.00 $ move.
4- 9941.TW current resistance level is at 79.49 which is the 127.20 % fibonacci retracement of the last 4.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
TAIWAN ACCEPTANCE TWD10 (9941.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 78.400 and 82.700 that was broken up at 76.000 transforming into a supporting line.
TAIWAN ACCEPTANCE TWD10 (9941.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 72.100 and 69.000 that was broken down at 77.200 transforming into a resistance line.
TAIWAN ACCEPTANCE TWD10 (9941.TW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
TAIWAN ACCEPTANCE TWD10 (9941.TW) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 79.49, 80.87, 82.17.
Stock Support levels : 78.40, 77.53, 76.93, 76.87, 76.45, 76.40, 75.97, 75.93, 75.34, 74.40,.