Today we will analyze the stock DONPON PRECISION TWD10 (3290.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in DONPON PRECISION TWD10 (3290.TWO)
1- Last bullish trend was from 30.25 $ (3/4/2014) to 31.30 $ (3/6/2014) a 1.05 $ move 2- The current bearish trend started from 31.30 $ at 3/6/2014 and is currently trading at 30.20 $.
3- 3290.TWO current support level is at 29.96 which is the 127.20 % fibonacci retracement of the last 1.05 $ move.
4- 3290.TWO current resistance level is at 30.25 which is the 100.00 % fibonacci retracement of the last 1.05 $ 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.
DONPON PRECISION TWD10 (3290.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 31.300 .
7- The Stock formed a 2.200 $ height triangle which was broken down at 30.200 in higher than usual volume, target of the pattern is 28.000.
DONPON PRECISION TWD10 (3290.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 34.000 .
9- The Stock formed a 6.350 $ height triangle.
DONPON PRECISION TWD10 (3290.TWO) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 34.000 .
11- The Stock formed a 6.650 $ height triangle.

Stock Trading Conclusion:
DONPON PRECISION TWD10 (3290.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 : 30.25, 30.46, 30.62, 30.65, 30.67, 30.75, 30.77, 30.88, 30.90, 31.05, 31.30, 33.82, 34.24.
Stock Support levels : 29.96, 29.60,.