Today we will analyze the stock UNIVERSAL MICROWAV TWD10 (3491.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in UNIVERSAL MICROWAV TWD10 (3491.TWO)
1- Last bullish trend was from 69.00 $ (3/4/2014) to 72.50 $ (3/5/2014) a 3.50 $ move 2- The current bearish trend started from 72.50 $ at 3/5/2014 and is currently trading at 68.80 $.
3- 3491.TWO current support level is at 68.05 which is the 127.20 % fibonacci retracement of the last 3.50 $ move.
4- 3491.TWO current resistance level is at 69.00 which is the 100.00 % fibonacci retracement of the last 3.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
UNIVERSAL MICROWAV TWD10 (3491.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 4.900 $ height triangle which was broken down at 68.500, target of the pattern is 63.600.
UNIVERSAL MICROWAV TWD10 (3491.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 27.000 $ height triangle which was broken down at 71.000 in higher than usual volume, target of the pattern is 44.000.
UNIVERSAL MICROWAV TWD10 (3491.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
UNIVERSAL MICROWAV TWD10 (3491.TWO) was trading in a 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 : 69.00, 69.33, 69.67, 70.21, 70.34, 70.65, 70.75, 71.09, 71.16, 71.67, 72.50, 73.15.
Stock Support levels : 68.05, 66.84, 63.60,.