Today we will analyze the stock DAILY POLYMER CORP TWD10 (4716.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in DAILY POLYMER CORP TWD10 (4716.TWO)
1- Last bullish trend was from 16.80 $ (2/10/2014) to 18.35 $ (2/24/2014) a 1.55 $ move 2- The current bearish trend started from 18.35 $ at 2/24/2014 and is currently trading at 17.65 $.
3- 4716.TWO current support level is at 17.58 which is the 50.00 % fibonacci retracement of the last 1.55 $ move.
4- 4716.TWO current resistance level is at 17.76 which is the 38.20 % fibonacci retracement of the last 1.55 $ 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.
DAILY POLYMER CORP TWD10 (4716.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.800 and 16.500, and is currently supporting at 16.907.
DAILY POLYMER CORP TWD10 (4716.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.000 $ height triangle which was broken up at 18.350 in higher than usual volume, target of the pattern is 20.350.
DAILY POLYMER CORP TWD10 (4716.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 5.290 $ height triangle which was broken up at 16.950 in higher than usual volume, target of the pattern is 22.240 which was broken down at 17.350, target of the pattern is 12.060.

Stock Trading Conclusion:
DAILY POLYMER CORP TWD10 (4716.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 17.76, 17.82, 17.92, 17.98, 18.00, 18.08, 18.35, 18.94, 20.35, 22.24.
Stock Support levels : 17.58, 17.48, 17.39, 16.91, 16.80, 16.75, 16.38, 15.84,.