Today we will analyze the stock ZENTEL ELECTRONIC TWD10 (3553.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ZENTEL ELECTRONIC TWD10 (3553.TWO)
1- Last bullish trend was from 21.85 $ (2/17/2014) to 23.75 $ (3/6/2014) a 1.90 $ move 2- The current bearish trend started from 23.75 $ at 3/6/2014 and is currently trading at 22.25 $.
3- 3553.TWO current support level is at 21.85 which is the 100.00 % fibonacci retracement of the last 1.90 $ move.
4- 3553.TWO current resistance level is at 22.58 which is the 61.80 % fibonacci retracement of the last 1.90 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ZENTEL ELECTRONIC TWD10 (3553.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.850 and 21.650, and is currently supporting at 22.225.
ZENTEL ELECTRONIC TWD10 (3553.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 21.650 and 18.600 that was broken down at 22.250 transforming into a resistance line.
ZENTEL ELECTRONIC TWD10 (3553.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 27.500 .

Stock Trading Conclusion:
ZENTEL ELECTRONIC TWD10 (3553.TWO) was trading in a 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 : 22.58, 22.60, 22.80, 22.82, 22.95, 23.00, 23.02, 23.18, 23.30, 23.75, 27.40.
Stock Support levels : 22.23, 21.85, 21.33,.