Today we will analyze the stock ADDA CORP TWD10 (3071.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ADDA CORP TWD10 (3071.TWO)
1- Last bullish trend was from 8.25 $ (4/9/2012) to 9.22 $ (4/16/2012) a 0.97 $ move 2- The current bearish trend started from 9.22 $ at 4/16/2012 and is currently trading at 8.76 $.
3- 3071.TWO current support level is at 8.74 which is the 50.00 % fibonacci retracement of the last 0.97 $ move.
4- 3071.TWO current resistance level is at 8.85 which is the 38.20 % fibonacci retracement of the last 0.97 $ move.
5- According to ADX Indicator, the trend is currently 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.
ADDA CORP TWD10 (3071.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.220 and 10.750 that was broken up at 9.120 transforming into a supporting line.
ADDA CORP TWD10 (3071.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 9.220 and 10.750 that was broken up at 9.120 transforming into a supporting line.
ADDA CORP TWD10 (3071.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 8.250 and 6.550,resistance between 10.750 and 8.500, the stock channel is currently supported from below by 8.669 and resisted from above by 11.493.

Stock Trading Conclusion:
ADDA CORP TWD10 (3071.TWO) was trading in a bearish 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 : 8.85, 8.87, 8.94, 8.99, 8.99, 9.04, 9.22,.
Stock Support levels : 8.74, 8.62, 8.25, 8.09, 7.99,.