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 6.99 $ (2/5/2014) to 8.39 $ (3/4/2014) a 1.40 $ move 2- The current bearish trend started from 8.39 $ at 3/4/2014 and is currently trading at 7.85 $.
3- 3071.TWO current support level is at 7.69 which is the 50.00 % fibonacci retracement of the last 1.40 $ move.
4- 3071.TWO current resistance level is at 7.86 which is the 38.20 % fibonacci retracement of the last 1.40 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
ADDA CORP TWD10 (3071.TWO) Short term stock chart patterns for internet stock trading :

None.
ADDA CORP TWD10 (3071.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 6.990 and 6.370,resistance between 8.390 and 7.760, the stock channel is currently supported from below by 7.436 and resisted from above by 8.456.
ADDA CORP TWD10 (3071.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 5.700 $ height triangle which was broken up at 7.150 in higher than usual volume, target of the pattern is 12.850.

Stock Trading Conclusion:
ADDA CORP TWD10 (3071.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 : 7.86, 7.98, 8.06, 8.06, 8.12, 8.18, 8.39, 12.85.
Stock Support levels : 7.69, 7.52, 6.99, 6.61, 6.60,.