Today we will analyze the stock SINMAG BAKERY MACH TWD10 (1580.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SINMAG BAKERY MACH TWD10 (1580.TWO)
1- Last bullish trend was from 150.00 $ (1/7/2014) to 190.00 $ (3/5/2014) a 40.00 $ move 2- The current bearish trend started from 190.00 $ at 3/5/2014 and is currently trading at 173.00 $.
3- 1580.TWO current support level is at 170.00 which is the 50.00 % fibonacci retracement of the last 40.00 $ move.
4- 1580.TWO current resistance level is at 174.72 which is the 38.20 % fibonacci retracement of the last 40.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SINMAG BAKERY MACH TWD10 (1580.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 150.000 and 140.000, and is currently supporting at 163.750.
SINMAG BAKERY MACH TWD10 (1580.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 150.000 and 97.030,resistance between 190.000 and 162.500, the stock channel is currently supported from below by 171.580 and resisted from above by 191.352.
SINMAG BAKERY MACH TWD10 (1580.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 24.070 $ height triangle which was broken up at 113.500, target of the pattern is 137.570.

Stock Trading Conclusion:
SINMAG BAKERY MACH TWD10 (1580.TWO) was trading in a strong bullish wave, which is becoming stronger .
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 : 174.72, 177.01, 179.49, 180.56, 181.50, 183.51, 190.00,.
Stock Support levels : 170.00, 165.28, 163.75, 150.00, 139.12, 125.28,.