Today we will analyze the stock TRINITY METALLIZE TWD10 (4534.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TRINITY METALLIZE TWD10 (4534.TWO)
1- Last bullish trend was from 20.65 $ (2/18/2014) to 21.50 $ (2/21/2014) a 0.85 $ move 2- The current bearish trend started from 21.50 $ at 2/21/2014 and is currently trading at 20.20 $.
3- 4534.TWO current support level is at 20.12 which is the 161.80 % fibonacci retracement of the last 0.85 $ move.
4- 4534.TWO current resistance level is at 20.42 which is the 127.20 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
TRINITY METALLIZE TWD10 (4534.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 21.500 .
7- The Stock formed a 2.650 $ height triangle which was broken down at 21.000, target of the pattern is 18.350.
TRINITY METALLIZE TWD10 (4534.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.900 and 15.000 that was broken down at 20.300 transforming into a resistance line.
TRINITY METALLIZE TWD10 (4534.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 12.650 and 12.100, and is currently supporting at 13.763.

Stock Trading Conclusion:
TRINITY METALLIZE TWD10 (4534.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 : 20.42, 20.51, 20.65, 20.70, 20.85, 20.97, 21.00, 21.08, 21.09, 21.18, 21.30, 21.41, 21.49, 21.50, 23.37.
Stock Support levels : 20.12, 18.35,.