Today we will analyze the stock SUNVIC TECHNOLOGY TWD10 (4304.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SUNVIC TECHNOLOGY TWD10 (4304.TWO)
1- Last bullish trend was from 8.41 $ (3/5/2014) to 8.78 $ (3/6/2014) a 0.37 $ move 2- The current bearish trend started from 8.78 $ at 3/6/2014 and is currently trading at 8.45 $.
3- 4304.TWO current support level is at 8.41 which is the 100.00 % fibonacci retracement of the last 0.37 $ move.
4- 4304.TWO current resistance level is at 8.55 which is the 61.80 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SUNVIC TECHNOLOGY TWD10 (4304.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.410 and 8.300, and is currently supporting at 8.447.
SUNVIC TECHNOLOGY TWD10 (4304.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.400 and 6.800 that was broken down at 8.720 transforming into a resistance line.
SUNVIC TECHNOLOGY TWD10 (4304.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 9.240 .

Stock Trading Conclusion:
SUNVIC TECHNOLOGY TWD10 (4304.TWO) was trading in a bearish 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 : 8.53, 8.55, 8.58, 8.59, 8.61, 8.64, 8.65, 8.69, 8.78, 9.45, 9.45.
Stock Support levels : 8.45, 8.41, 8.31,.