Today we will analyze the stock ABC TAIWAN ELECTRO TWD10 (3236.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ABC TAIWAN ELECTRO TWD10 (3236.TWO)
1- Last bullish trend was from 14.30 $ (2/4/2014) to 16.65 $ (2/20/2014) a 2.35 $ move 2- The current bearish trend started from 16.65 $ at 2/20/2014 and is currently trading at 13.60 $.
3- 3236.TWO current support level is at 12.85 which is the 161.80 % fibonacci retracement of the last 2.35 $ move.
4- 3236.TWO current resistance level is at 13.66 which is the 127.20 % fibonacci retracement of the last 2.35 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
ABC TAIWAN ELECTRO TWD10 (3236.TWO) Short term stock chart patterns for internet stock trading :

None.
ABC TAIWAN ELECTRO TWD10 (3236.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 14.300 and 11.650,resistance between 16.650 and 15.300 which was broken down at 15.000.
ABC TAIWAN ELECTRO TWD10 (3236.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ABC TAIWAN ELECTRO TWD10 (3236.TWO) was trading in a bearish 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 : 13.66, 14.30, 14.32, 14.77, 15.10, 15.13, 15.20, 15.44, 15.48, 15.48, 15.75, 16.10, 16.65,.
Stock Support levels : 12.85.