Today we will analyze the stock ALLIED INDUSTRIAL TWD10 (4702.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ALLIED INDUSTRIAL TWD10 (4702.TWO)
1- Last bullish trend was from 18.50 $ (2/20/2014) to 23.20 $ (3/4/2014) a 4.70 $ move 2- The current bearish trend started from 23.20 $ at 3/4/2014 and is currently trading at 20.50 $.
3- 4702.TWO current support level is at 20.30 which is the 61.80 % fibonacci retracement of the last 4.70 $ move.
4- 4702.TWO current resistance level is at 20.85 which is the 50.00 % fibonacci retracement of the last 4.70 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
ALLIED INDUSTRIAL TWD10 (4702.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 18.500 and 18.200, and is currently supporting at 18.827.
ALLIED INDUSTRIAL TWD10 (4702.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 18.500 and 18.200, and is currently supporting at 18.827.
ALLIED INDUSTRIAL TWD10 (4702.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.150 and 16.150 that was broken down at 19.700 transforming into a resistance line.

Stock Trading Conclusion:
ALLIED INDUSTRIAL TWD10 (4702.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 20.85, 21.14, 21.40, 21.53, 21.85, 22.09, 22.17, 23.20, 24.59.
Stock Support levels : 20.30, 18.83, 18.50, 17.22,.