Today we will analyze the stock BIN CHUAN ENTERPRI TWD10 (1569.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in BIN CHUAN ENTERPRI TWD10 (1569.TWO)
1- Last bullish trend was from 20.90 $ (2/20/2014) to 24.85 $ (3/6/2014) a 3.95 $ move 2- The current bearish trend started from 24.85 $ at 3/6/2014 and is currently trading at 23.60 $.
3- 1569.TWO current support level is at 23.34 which is the 38.20 % fibonacci retracement of the last 3.95 $ move.
4- 1569.TWO current resistance level is at 23.92 which is the 23.60 % fibonacci retracement of the last 3.95 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
BIN CHUAN ENTERPRI TWD10 (1569.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 20.900 and 20.750, and is currently supporting at 21.157.
BIN CHUAN ENTERPRI TWD10 (1569.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 20.750 .
8- The Stock formed a 6.800 $ height triangle which was broken up at 21.100 in higher than usual volume, target of the pattern is 27.900.
BIN CHUAN ENTERPRI TWD10 (1569.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 20.750 .
10- The Stock formed a 6.800 $ height triangle which was broken up at 21.100 in higher than usual volume, target of the pattern is 27.900.

Stock Trading Conclusion:
BIN CHUAN ENTERPRI TWD10 (1569.TWO) was trading in a strong bullish wave, which is becoming stronger .
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 : 23.90, 23.92, 24.08, 24.23, 24.37, 24.85, 27.90,.
Stock Support levels : 23.34, 22.88, 22.41, 21.16, 20.90, 20.70, 20.35, 19.83,.