Today we will analyze the stock CHIEN TAI CEMENT TWD10 (1107.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHIEN TAI CEMENT TWD10 (1107.TWO)
1- Last bearish trend was from 1.49 $ (5/8/2012) to 0.66 $ (6/5/2012) a 0.83 $ move 2- The current bullish trend started from 0.66 $ at 6/5/2012 and is currently trading at 0.70 $.
3- 1107.TWO current support level is at 0.66 which is the 0.00 % fibonacci retracement of the last 0.83 $ move.
4- 1107.TWO current resistance level is at 0.86 which is the 23.60 % fibonacci retracement of the last 0.83 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
CHIEN TAI CEMENT TWD10 (1107.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.490 and 1.500, and is currently resisting at 1.390.
CHIEN TAI CEMENT TWD10 (1107.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.560 and 1.690, and is currently resisting at 1.277.
CHIEN TAI CEMENT TWD10 (1107.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.560 and 1.690, and is currently resisting at 1.277.

Stock Trading Conclusion:
CHIEN TAI CEMENT TWD10 (1107.TWO) was trading in a strong bearish 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 : 0.856, 0.977, 1.075, 1.173, 1.277, 1.390, 1.430, 1.490, 1.716, 2.003.
Stock Support levels : 0.691, 0.685, 0.680, 0.675, 0.660,.