Today we will analyze the stock PRESCOPE TECHNOLOG TWD10 (3073.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in PRESCOPE TECHNOLOG TWD10 (3073.TWO)
1- Last bearish trend was from 9.85 $ (2/19/2014) to 9.30 $ (2/24/2014) a 0.55 $ move 2- The current bullish trend started from 9.30 $ at 2/24/2014 and is currently trading at 9.75 $.
3- 3073.TWO current support level is at 9.64 which is the 61.80 % fibonacci retracement of the last 0.55 $ move.
4- 3073.TWO current resistance level is at 9.85 which is the 100.00 % fibonacci retracement of the last 0.55 $ 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.
PRESCOPE TECHNOLOG TWD10 (3073.TWO) Short term stock chart patterns for internet stock trading :

None.
PRESCOPE TECHNOLOG TWD10 (3073.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 9.250 and 7.710 that was broken down at 9.670 transforming into a resistance line.
PRESCOPE TECHNOLOG TWD10 (3073.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PRESCOPE TECHNOLOG TWD10 (3073.TWO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 9.85, 10.00, 10.19, 10.48.
Stock Support levels : 9.64, 9.64, 9.58, 9.58, 9.52, 9.51, 9.47, 9.43, 9.30,.