Today we will analyze the stock ORIENT EUROPHARMA TWD10 (4120.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ORIENT EUROPHARMA TWD10 (4120.TWO)
1- Last bearish trend was from 89.20 $ (2/25/2014) to 86.00 $ (3/4/2014) a 3.20 $ move 2- The current bullish trend started from 86.00 $ at 3/4/2014 and is currently trading at 86.50 $.
3- 4120.TWO current support level is at 86.00 which is the 0.00 % fibonacci retracement of the last 3.20 $ move.
4- 4120.TWO current resistance level is at 86.76 which is the 23.60 % fibonacci retracement of the last 3.20 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
ORIENT EUROPHARMA TWD10 (4120.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 86.000 and 81.400 that was broken down at 87.100 transforming into a resistance line.
ORIENT EUROPHARMA TWD10 (4120.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 93.700 and 109.000 that was broken up at 79.500 transforming into a supporting line.
ORIENT EUROPHARMA TWD10 (4120.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ORIENT EUROPHARMA TWD10 (4120.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 86.76, 87.22, 87.53, 87.60, 87.98, 89.20, 90.07, 91.18.
Stock Support levels : 86.38, 86.31, 86.25, 86.19, 86.00,.