Today we will analyze the stock LEVEL BIOTECHNOLOG TWD10 (3118.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in LEVEL BIOTECHNOLOG TWD10 (3118.TWO)
1- Last bullish trend was from 35.00 $ (2/5/2014) to 39.20 $ (2/28/2014) a 4.20 $ move 2- The current bearish trend started from 39.20 $ at 2/28/2014 and is currently trading at 37.75 $.
3- 3118.TWO current support level is at 37.60 which is the 38.20 % fibonacci retracement of the last 4.20 $ move.
4- 3118.TWO current resistance level is at 38.21 which is the 23.60 % fibonacci retracement of the last 4.20 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
LEVEL BIOTECHNOLOG TWD10 (3118.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 35.000 and 34.750, and is currently supporting at 35.096.
LEVEL BIOTECHNOLOG TWD10 (3118.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.550 $ height triangle which was broken up at 37.250 in higher than usual volume, target of the pattern is 40.800.
LEVEL BIOTECHNOLOG TWD10 (3118.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 34.750 and 33.100,resistance between 38.300 and 36.500, the stock channel is currently supported from below by 37.071 and resisted from above by 40.846.

Stock Trading Conclusion:
LEVEL BIOTECHNOLOG TWD10 (3118.TWO) was trading in a strong bullish wave, which is becoming weaker .
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 : 38.09, 38.21, 38.30, 38.47, 38.65, 39.20, 40.80.
Stock Support levels : 37.60, 37.10, 36.60, 36.05, 35.10, 35.00, 33.86,.