Today we will analyze the stock TAIWAN IC PACKAGIN TWD10 (3372.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIWAN IC PACKAGIN TWD10 (3372.TWO)
1- Last bullish trend was from 7.90 $ (2/19/2014) to 9.71 $ (3/4/2014) a 1.81 $ move 2- The current bearish trend started from 9.71 $ at 3/4/2014 and is currently trading at 9.37 $.
3- 3372.TWO current support level is at 9.28 which is the 23.60 % fibonacci retracement of the last 1.81 $ move.
4- 3372.TWO current resistance level is at 9.71 which is the 0.00 % fibonacci retracement of the last 1.81 $ 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.
TAIWAN IC PACKAGIN TWD10 (3372.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 7.900 and 7.480, and is currently supporting at 8.137.
TAIWAN IC PACKAGIN TWD10 (3372.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 7.100 that failed, and formed a support .
TAIWAN IC PACKAGIN TWD10 (3372.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.390 $ height triangle which was broken up at 7.320 in higher than usual volume, target of the pattern is 8.710.

Stock Trading Conclusion:
TAIWAN IC PACKAGIN TWD10 (3372.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 : 9.45, 9.50, 9.54, 9.58, 9.71,.
Stock Support levels : 9.28, 9.02, 8.81, 8.59, 8.14, 7.90, 7.41, 7.10, 6.78,.