Today we will analyze the stock TAIWAN WAX TWD10 (1742.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIWAN WAX TWD10 (1742.TWO)
1- Last bearish trend was from 23.00 $ (2/13/2014) to 21.70 $ (2/24/2014) a 1.30 $ move 2- The current bullish trend started from 21.70 $ at 2/24/2014 and is currently trading at 21.95 $.
3- 1742.TWO current support level is at 21.70 which is the 0.00 % fibonacci retracement of the last 1.30 $ move.
4- 1742.TWO current resistance level is at 22.01 which is the 23.60 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TAIWAN WAX TWD10 (1742.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.000 $ height triangle which was broken down at 21.950 in higher than usual volume, target of the pattern is 19.950.
TAIWAN WAX TWD10 (1742.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 21.400 and 17.650,resistance between 24.100 and 20.900 which was broken down at 22.200 in higher than usual volume.
TAIWAN WAX TWD10 (1742.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 17.650 and 16.400, and is currently supporting at 18.818.

Stock Trading Conclusion:
TAIWAN WAX TWD10 (1742.TWO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 21.97, 22.01, 22.20, 22.35, 22.50, 23.00, 23.35, 23.59, 23.80.
Stock Support levels : 21.89, 21.85, 21.83, 21.80, 21.70, 19.95,.