Today we will analyze the stock OCEAN BRIGHT CO TWD10 (3266.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in OCEAN BRIGHT CO TWD10 (3266.TWO)
1- Last bearish trend was from 28.55 $ (2/10/2014) to 26.50 $ (3/5/2014) a 2.05 $ move 2- The current bullish trend started from 26.50 $ at 3/5/2014 and is currently trading at 28.80 $.
3- 3266.TWO current support level is at 28.55 which is the 100.00 % fibonacci retracement of the last 2.05 $ move.
4- 3266.TWO current resistance level is at 29.11 which is the 127.20 % fibonacci retracement of the last 2.05 $ 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.
OCEAN BRIGHT CO TWD10 (3266.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 26.500 and 24.750,resistance between 28.550 and 27.100, the stock channel is currently supported from below by 26.635 and resisted from above by 29.456.
OCEAN BRIGHT CO TWD10 (3266.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 26.500 and 24.750, and is currently supporting at 26.635.
OCEAN BRIGHT CO TWD10 (3266.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 27.550 and 31.300 that was broken up at 25.300 transforming into a supporting line.

Stock Trading Conclusion:
OCEAN BRIGHT CO TWD10 (3266.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 : 29.11, 29.82.
Stock Support levels : 28.55, 28.26, 27.92, 27.77, 27.65, 27.52, 27.38, 27.28, 26.98, 26.63, 26.50,.