Today we will analyze the stock MAPOWER ELECTRONIC TWD10 (3489.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in MAPOWER ELECTRONIC TWD10 (3489.TWO)
1- Last bearish trend was from 20.85 $ (2/13/2014) to 19.10 $ (3/4/2014) a 1.75 $ move 2- The current bullish trend started from 19.10 $ at 3/4/2014 and is currently trading at 19.80 $.
3- 3489.TWO current support level is at 19.77 which is the 38.20 % fibonacci retracement of the last 1.75 $ move.
4- 3489.TWO current resistance level is at 19.98 which is the 50.00 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
MAPOWER ELECTRONIC TWD10 (3489.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 20.850 and 24.850 that was broken up at 19.750 transforming into a supporting line.
MAPOWER ELECTRONIC TWD10 (3489.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 25.850 .
MAPOWER ELECTRONIC TWD10 (3489.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 8.800 $ height triangle which was broken down at 24.400 in higher than usual volume, target of the pattern is 15.600.

Stock Trading Conclusion:
MAPOWER ELECTRONIC TWD10 (3489.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 19.98, 20.18, 20.85, 21.33, 21.93, 24.57, 25.59, 30.60.
Stock Support levels : 19.77, 19.63, 19.53, 19.51, 19.45, 19.37, 19.10, 19.01,.