Today we will analyze the stock TAH KONG CHEMICAL TWD10 (4706.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAH KONG CHEMICAL TWD10 (4706.TWO)
1- Last bullish trend was from 17.40 $ (12/16/2013) to 18.10 $ (1/9/2014) a 0.70 $ move 2- The current bearish trend started from 18.10 $ at 1/9/2014 and is currently trading at 17.30 $.
3- 4706.TWO current support level is at 17.21 which is the 127.20 % fibonacci retracement of the last 0.70 $ move.
4- 4706.TWO current resistance level is at 17.40 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
TAH KONG CHEMICAL TWD10 (4706.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 17.400 and 17.200 that was broken down at 17.400 transforming into a resistance line.
TAH KONG CHEMICAL TWD10 (4706.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 13.180 and 12.600, and is currently supporting at 15.856.
TAH KONG CHEMICAL TWD10 (4706.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 13.180 and 12.510, and is currently supporting at 15.250.

Stock Trading Conclusion:
TAH KONG CHEMICAL TWD10 (4706.TWO) was trading in a bearish 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 : 17.40, 17.49, 17.61, 17.67, 17.70, 17.75, 17.79, 17.83, 17.93, 18.10, 18.20.
Stock Support levels : 17.21, 16.97, 15.86,.