Today we will analyze the stock ALLTEK TECHNOLOGY TWD10 (3209.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ALLTEK TECHNOLOGY TWD10 (3209.TWO)
1- Last bearish trend was from 12.90 $ (11/25/2008) to 10.95 $ (7/21/2010) a 1.95 $ move 2- The current bullish trend started from 10.95 $ at 7/21/2010 and is currently trading at 12.90 $.
3- 3209.TWO current support level is at 12.90 which is the 100.00 % fibonacci retracement of the last 1.95 $ move.
4- 3209.TWO current resistance level is at 13.43 which is the 127.20 % fibonacci retracement of the last 1.95 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
ALLTEK TECHNOLOGY TWD10 (3209.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 12.900 and 14.400 that was broken up at 10.950 transforming into a supporting line.
ALLTEK TECHNOLOGY TWD10 (3209.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.900 and 14.400 that was broken up at 10.950 transforming into a supporting line.
ALLTEK TECHNOLOGY TWD10 (3209.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 12.900 and 14.400 that was broken up at 10.950 transforming into a supporting line.

Stock Trading Conclusion:
ALLTEK TECHNOLOGY TWD10 (3209.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 13.43, 14.11.
Stock Support levels : 12.44, 12.16, 11.92, 11.69, 11.41, 10.95, -0.74,.