Today we will analyze the stock HIGH TEK HARNESS E TWD10 (3202.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in HIGH TEK HARNESS E TWD10 (3202.TWO)
1- Last bullish trend was from 8.42 $ (2/6/2014) to 9.10 $ (2/28/2014) a 0.68 $ move 2- The current bearish trend started from 9.10 $ at 2/28/2014 and is currently trading at 8.71 $.
3- 3202.TWO current support level is at 8.68 which is the 61.80 % fibonacci retracement of the last 0.68 $ move.
4- 3202.TWO current resistance level is at 8.76 which is the 50.00 % fibonacci retracement of the last 0.68 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
HIGH TEK HARNESS E TWD10 (3202.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.740 $ height triangle which was broken down at 9.100, target of the pattern is 7.360.
HIGH TEK HARNESS E TWD10 (3202.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 8.420 and 6.020,resistance between 9.240 and 7.170 which was broken down at 9.020.
HIGH TEK HARNESS E TWD10 (3202.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 7.170 and 7.800 that was broken up at 7.040 transforming into a supporting line.

Stock Trading Conclusion:
HIGH TEK HARNESS E TWD10 (3202.TWO) was trading in a strong 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 : 8.76, 8.80, 8.84, 8.86, 8.91, 8.94, 8.95, 9.10, 9.29, 9.38.
Stock Support levels : 8.68, 8.42, 8.24, 8.00, 7.36,.