Today we will analyze the stock TOUNG LOONG TEXTIL TWD10 (4401.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TOUNG LOONG TEXTIL TWD10 (4401.TWO)
1- Last bearish trend was from 108.50 $ (2/28/2014) to 105.00 $ (3/4/2014) a 3.50 $ move 2- The current bullish trend started from 105.00 $ at 3/4/2014 and is currently trading at 110.50 $.
3- 4401.TWO current support level is at 109.45 which is the 127.20 % fibonacci retracement of the last 3.50 $ move.
4- 4401.TWO current resistance level is at 110.66 which is the 161.80 % fibonacci retracement of the last 3.50 $ 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.
TOUNG LOONG TEXTIL TWD10 (4401.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 105.000 .
7- The Stock formed Double Top Pattern at 108.500 that failed, and formed a support .
TOUNG LOONG TEXTIL TWD10 (4401.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 100.000 and 86.800, and is currently supporting at 109.429.
TOUNG LOONG TEXTIL TWD10 (4401.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 52.200 $ height triangle which was broken up at 108.000, target of the pattern is 160.200.

Stock Trading Conclusion:
TOUNG LOONG TEXTIL TWD10 (4401.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 : 110.66, 160.20.
Stock Support levels : 109.45, 109.43, 109.20, 108.50, 108.40, 107.75, 107.16, 107.10, 106.75, 106.34, 105.83, 105.00,.