Today we will analyze the stock SKARDIN INDUSTRIAL TWD10 (3466.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SKARDIN INDUSTRIAL TWD10 (3466.TWO)
1- Last bearish trend was from 36.60 $ (2/21/2014) to 34.70 $ (3/5/2014) a 1.90 $ move 2- The current bullish trend started from 34.70 $ at 3/5/2014 and is currently trading at 35.50 $.
3- 3466.TWO current support level is at 35.43 which is the 38.20 % fibonacci retracement of the last 1.90 $ move.
4- 3466.TWO current resistance level is at 35.65 which is the 50.00 % fibonacci retracement of the last 1.90 $ 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.
SKARDIN INDUSTRIAL TWD10 (3466.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 36.600 .
SKARDIN INDUSTRIAL TWD10 (3466.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 26.550 .
SKARDIN INDUSTRIAL TWD10 (3466.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 26.500 and 16.850, and is currently supporting at 33.830.

Stock Trading Conclusion:
SKARDIN INDUSTRIAL TWD10 (3466.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 : 35.65, 35.87, 36.60, 37.12, 37.77.
Stock Support levels : 35.43, 35.31, 35.20, 35.19, 35.15, 35.10, 35.01, 34.70, 33.83,.