Today we will analyze the stock CHANNEL WELL TECHN TWD10 (3078.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHANNEL WELL TECHN TWD10 (3078.TWO)
1- Last bullish trend was from 16.85 $ (2/17/2014) to 17.70 $ (2/19/2014) a 0.85 $ move 2- The current bearish trend started from 17.70 $ at 2/19/2014 and is currently trading at 17.15 $.
3- 3078.TWO current support level is at 16.85 which is the 100.00 % fibonacci retracement of the last 0.85 $ move.
4- 3078.TWO current resistance level is at 17.17 which is the 61.80 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CHANNEL WELL TECHN TWD10 (3078.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.850 $ height triangle which was broken up at 17.150, target of the pattern is 19.000 which was broken down at 17.100, target of the pattern is 15.250.
CHANNEL WELL TECHN TWD10 (3078.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 18.200 .
8- The Stock formed a 5.500 $ height triangle which was broken down at 17.100, target of the pattern is 11.600.
CHANNEL WELL TECHN TWD10 (3078.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 16.350 and 12.650,resistance between 18.150 and 14.750 which was broken down at 17.100.

Stock Trading Conclusion:
CHANNEL WELL TECHN TWD10 (3078.TWO) was trading in a bullish wave, which is becoming weaker .
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 : 17.17, 17.28, 17.28, 17.36, 17.38, 17.42, 17.49, 17.50, 17.68, 17.70, 17.83, 18.20, 18.25, 19.00.
Stock Support levels : 16.98, 16.85, 16.62, 16.34, 16.32, 15.25,.