Today we will analyze the stock CHEER TIME ENTERPR TWD10 (3229.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHEER TIME ENTERPR TWD10 (3229.TWO)
1- Last bearish trend was from 17.70 $ (12/16/2009) to 15.80 $ (12/21/2009) a 1.90 $ move 2- The current bullish trend started from 15.80 $ at 12/21/2009 and is currently trading at 17.20 $.
3- 3229.TWO current support level is at 16.97 which is the 61.80 % fibonacci retracement of the last 1.90 $ move.
4- 3229.TWO current resistance level is at 17.70 which is the 100.00 % fibonacci retracement of the last 1.90 $ 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.
CHEER TIME ENTERPR TWD10 (3229.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 15.800 and 13.500, and is currently supporting at 17.180.
CHEER TIME ENTERPR TWD10 (3229.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.800 and 13.500, and is currently supporting at 17.180.
CHEER TIME ENTERPR TWD10 (3229.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 13.000 and 12.550, and is currently supporting at 13.495.

Stock Trading Conclusion:
CHEER TIME ENTERPR TWD10 (3229.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 17.70, 18.22, 18.87.
Stock Support levels : 17.18, 16.97, 16.87, 16.75, 16.67, 16.53, 16.50, 16.33, 16.25, 15.80,.