Today we will analyze the stock KAO FONG MACHINERY TWD10 (4510.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in KAO FONG MACHINERY TWD10 (4510.TWO)
1- Last bearish trend was from 29.00 $ (3/5/2014) to 28.00 $ (3/7/2014) a 1.00 $ move 2- The current bullish trend started from 28.00 $ at 3/7/2014 and is currently trading at 29.25 $.
3- 4510.TWO current support level is at 29.00 which is the 100.00 % fibonacci retracement of the last 1.00 $ move.
4- 4510.TWO current resistance level is at 29.27 which is the 127.20 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
KAO FONG MACHINERY TWD10 (4510.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 29.000 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 28.000 and 27.750, and is currently supporting at 28.025.
KAO FONG MACHINERY TWD10 (4510.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 2.750 $ height triangle which was broken up at 20.950 in higher than usual volume, target of the pattern is 23.700.
KAO FONG MACHINERY TWD10 (4510.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 18.000 and 12.590, and is currently supporting at 26.656.

Stock Trading Conclusion:
KAO FONG MACHINERY TWD10 (4510.TWO) was trading in a strong bullish 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 : 29.27, 29.62.
Stock Support levels : 29.00, 28.95, 28.77, 28.63, 28.62, 28.50, 28.48, 28.38, 28.24, 28.02, 28.00, 26.66,.