Today we will analyze the stock MEGA BIOTECH and ELE TWD10 (4415.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in MEGA BIOTECH and ELE TWD10 (4415.TWO)
1- Last bullish trend was from 14.60 $ (10/21/2011) to 21.40 $ (10/31/2011) a 6.80 $ move 2- The current bearish trend started from 21.40 $ at 10/31/2011 and is currently trading at 15.00 $.
3- 4415.TWO current support level is at 14.60 which is the 100.00 % fibonacci retracement of the last 6.80 $ move.
4- 4415.TWO current resistance level is at 17.20 which is the 61.80 % fibonacci retracement of the last 6.80 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
MEGA BIOTECH and ELE TWD10 (4415.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.600 and 14.200 that was broken down at 15.000 transforming into a resistance line.
MEGA BIOTECH and ELE TWD10 (4415.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 14.600 and 14.200 that was broken down at 15.000 transforming into a resistance line.
MEGA BIOTECH and ELE TWD10 (4415.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 14.200 and 9.000,resistance between 21.400 and 16.350 which was broken down at 18.600.

Stock Trading Conclusion:
MEGA BIOTECH and ELE TWD10 (4415.TWO) was trading in a strong 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 : 16.07, 16.51, 17.20, 17.44, 18.00, 18.20, 18.80, 18.96, 19.80, 20.82, 21.40,.
Stock Support levels : 14.60, 12.75,.