Today we will analyze the stock TAIWAN FRUCTOSE CO TWD10 (4207.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIWAN FRUCTOSE CO TWD10 (4207.TWO)
1- Last bullish trend was from 16.80 $ (12/24/2013) to 18.60 $ (1/20/2014) a 1.80 $ move 2- The current bearish trend started from 18.60 $ at 1/20/2014 and is currently trading at 17.05 $.
3- 4207.TWO current support level is at 16.80 which is the 100.00 % fibonacci retracement of the last 1.80 $ move.
4- 4207.TWO current resistance level is at 17.49 which is the 61.80 % fibonacci retracement of the last 1.80 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
TAIWAN FRUCTOSE CO TWD10 (4207.TWO) Short term stock chart patterns for internet stock trading :

None.
TAIWAN FRUCTOSE CO TWD10 (4207.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 18.600 and 22.200 that was broken up at 17.350 transforming into a supporting line.
TAIWAN FRUCTOSE CO TWD10 (4207.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
TAIWAN FRUCTOSE CO TWD10 (4207.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 17.42, 17.49, 17.64, 17.70, 17.83, 17.91, 18.01, 18.18, 18.60,.
Stock Support levels : 16.80, 16.63, 16.31,.