Today we will analyze the stock UNITED ALLOY TECH TWD10 (3162.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in UNITED ALLOY TECH TWD10 (3162.TWO)
1- Last bullish trend was from 8.40 $ (2/20/2014) to 8.70 $ (2/21/2014) a 0.30 $ move 2- The current bearish trend started from 8.70 $ at 2/21/2014 and is currently trading at 8.44 $.
3- 3162.TWO current support level is at 8.40 which is the 100.00 % fibonacci retracement of the last 0.30 $ move.
4- 3162.TWO current resistance level is at 8.51 which is the 61.80 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
UNITED ALLOY TECH TWD10 (3162.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.700 and 9.150 that was broken up at 8.460 transforming into a supporting line.
UNITED ALLOY TECH TWD10 (3162.TWO) Mid term stock chart patterns for internet stock trading :

None.
UNITED ALLOY TECH TWD10 (3162.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 9.440 and 10.680 that was broken up at 7.630 transforming into a supporting line.

Stock Trading Conclusion:
UNITED ALLOY TECH TWD10 (3162.TWO) was trading in a 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 : 8.50, 8.51, 8.54, 8.55, 8.57, 8.59, 8.60, 8.63, 8.70,.
Stock Support levels : 8.40, 8.32, 8.21, 8.08,.