Today we will analyze the stock YUNG ZIP CHEM IND TWD10 (4102.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in YUNG ZIP CHEM IND TWD10 (4102.TWO)
1- Last bearish trend was from 29.75 $ (1/2/2014) to 27.55 $ (2/5/2014) a 2.20 $ move 2- The current bullish trend started from 27.55 $ at 2/5/2014 and is currently trading at 28.50 $.
3- 4102.TWO current support level is at 28.39 which is the 38.20 % fibonacci retracement of the last 2.20 $ move.
4- 4102.TWO current resistance level is at 28.65 which is the 50.00 % fibonacci retracement of the last 2.20 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
YUNG ZIP CHEM IND TWD10 (4102.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 29.750 and 30.550 that was broken up at 28.500 transforming into a supporting line.
YUNG ZIP CHEM IND TWD10 (4102.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 5.350 $ height triangle which was broken up at 29.000 in higher than usual volume, target of the pattern is 34.350 which was broken down at 28.300 in higher than usual volume, target of the pattern is 22.950.
YUNG ZIP CHEM IND TWD10 (4102.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 5.900 $ height triangle which was broken up at 29.000 in higher than usual volume, target of the pattern is 34.900 which was broken down at 28.500 in higher than usual volume, target of the pattern is 22.600.

Stock Trading Conclusion:
YUNG ZIP CHEM IND TWD10 (4102.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 28.65, 28.91, 28.98, 29.39, 29.75, 30.35, 31.11, 34.35, 34.90.
Stock Support levels : 28.39, 28.28, 28.18, 28.14, 28.07, 28.02, 27.91, 27.55, 24.87, 22.95,.