Today we will analyze the stock ABILITY OPTO-ELECT TWD10 (3362.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ABILITY OPTO-ELECT TWD10 (3362.TWO)
1- Last bullish trend was from 27.50 $ (3/4/2014) to 28.95 $ (3/6/2014) a 1.45 $ move 2- The current bearish trend started from 28.95 $ at 3/6/2014 and is currently trading at 28.10 $.
3- 3362.TWO current support level is at 28.05 which is the 61.80 % fibonacci retracement of the last 1.45 $ move.
4- 3362.TWO current resistance level is at 28.23 which is the 50.00 % fibonacci retracement of the last 1.45 $ 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.
ABILITY OPTO-ELECT TWD10 (3362.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 5.800 $ height triangle which was broken down at 27.600 in higher than usual volume, target of the pattern is 21.800.
ABILITY OPTO-ELECT TWD10 (3362.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 23.800 and 19.200,resistance between 29.600 and 27.150, the stock channel is currently supported from below by 26.004 and resisted from above by 30.698.
ABILITY OPTO-ELECT TWD10 (3362.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 13.400 $ height triangle which was broken up at 25.400 in higher than usual volume, target of the pattern is 38.800.

Stock Trading Conclusion:
ABILITY OPTO-ELECT TWD10 (3362.TWO) was trading in a strong bullish wave, which is becoming weaker .
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 : 28.23, 28.28, 28.30, 28.40, 28.42, 28.53, 28.61, 28.63, 28.95, 38.80.
Stock Support levels : 28.05, 27.50, 27.11, 26.60, 23.06,.