Today we will analyze the stock SHANYUAN CO. LTD. TWD10 (4416.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SHANYUAN CO. LTD. TWD10 (4416.TWO)
1- Last bullish trend was from 67.60 $ (4/27/2012) to 72.50 $ (4/30/2012) a 4.90 $ move 2- The current bearish trend started from 72.50 $ at 4/30/2012 and is currently trading at 68.00 $.
3- 4416.TWO current support level is at 67.60 which is the 100.00 % fibonacci retracement of the last 4.90 $ move.
4- 4416.TWO current resistance level is at 69.47 which is the 61.80 % fibonacci retracement of the last 4.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SHANYUAN CO. LTD. TWD10 (4416.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 67.600 and 66.600 that was broken down at 68.000 transforming into a resistance line.
SHANYUAN CO. LTD. TWD10 (4416.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 9.300 $ height triangle.
SHANYUAN CO. LTD. TWD10 (4416.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 75.000 and 76.600, and is currently resisting at 74.307.

Stock Trading Conclusion:
SHANYUAN CO. LTD. TWD10 (4416.TWO) was trading in a strong bearish wave, which is becoming stronger .
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 : 69.06, 69.27, 69.47, 69.72, 70.05, 70.25, 70.63, 70.78, 71.34, 72.50, 74.31.
Stock Support levels : 67.60, 66.27,.