Today we will analyze the stock WAYS TECHNICAL COR TWD10 (3508.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in WAYS TECHNICAL COR TWD10 (3508.TWO)
1- Last bullish trend was from 49.55 $ (3/4/2014) to 51.20 $ (3/5/2014) a 1.65 $ move 2- The current bearish trend started from 51.20 $ at 3/5/2014 and is currently trading at 48.70 $.
3- 3508.TWO current support level is at 48.53 which is the 161.80 % fibonacci retracement of the last 1.65 $ move.
4- 3508.TWO current resistance level is at 49.10 which is the 127.20 % fibonacci retracement of the last 1.65 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
WAYS TECHNICAL COR TWD10 (3508.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 51.200 .
7- The Stock formed a 7.050 $ height triangle which was broken down at 49.200 in higher than usual volume, target of the pattern is 42.150.
WAYS TECHNICAL COR TWD10 (3508.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 44.050 and 43.200, and is currently supporting at 44.573.
WAYS TECHNICAL COR TWD10 (3508.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 45.300 and 72.680 that was broken up at 41.900 transforming into a supporting line.

Stock Trading Conclusion:
WAYS TECHNICAL COR TWD10 (3508.TWO) was trading in a strong bullish 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 : 49.10, 49.29, 49.55, 49.66, 49.95, 50.18, 50.24, 50.38, 50.57, 50.81, 51.20, 51.26, 51.38.
Stock Support levels : 48.53, 44.57, 42.15,.