Today we will analyze the stock SUPER DRAGON TECHN TWD10 (9955.TW) for internet stock trading in the TW stock market,
Stock Technical indicators to notice in SUPER DRAGON TECHN TWD10 (9955.TW)
1- Last bearish trend was from 28.70 $ (4/16/2012) to 27.30 $ (4/23/2012) a 1.40 $ move 2- The current bullish trend started from 27.30 $ at 4/23/2012 and is currently trading at 28.70 $.
3- 9955.TW current support level is at 28.70 which is the 100.00 % fibonacci retracement of the last 1.40 $ move.
4- 9955.TW current resistance level is at 29.08 which is the 127.20 % fibonacci retracement of the last 1.40 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SUPER DRAGON TECHN TWD10 (9955.TW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 28.700 and 34.300 that was broken up at 28.000 transforming into a supporting line.
SUPER DRAGON TECHN TWD10 (9955.TW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 27.300 .
SUPER DRAGON TECHN TWD10 (9955.TW) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 27.300 and 27.050 that was broken down at 28.500 transforming into a resistance line.

Stock Trading Conclusion:
SUPER DRAGON TECHN TWD10 (9955.TW) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 29.08, 29.57, 29.88.
Stock Support levels : 28.37, 28.17, 28.00, 27.83, 27.63, 27.30,.