Today we will analyze the stock TEX YEAR INDUSTRIE TWD10 (4720.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TEX YEAR INDUSTRIE TWD10 (4720.TWO)
1- Last bearish trend was from 15.25 $ (12/26/2013) to 14.40 $ (2/5/2014) a 0.85 $ move 2- The current bullish trend started from 14.40 $ at 2/5/2014 and is currently trading at 14.80 $.
3- 4720.TWO current support level is at 14.72 which is the 38.20 % fibonacci retracement of the last 0.85 $ move.
4- 4720.TWO current resistance level is at 14.82 which is the 50.00 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
TEX YEAR INDUSTRIE TWD10 (4720.TWO) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 14.400 .
8- The Stock formed a 1.000 $ height triangle.
TEX YEAR INDUSTRIE TWD10 (4720.TWO) Mid term stock chart patterns for internet stock trading :

None.
TEX YEAR INDUSTRIE TWD10 (4720.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 2.520 $ height triangle which was broken up at 14.600 in higher than usual volume, target of the pattern is 17.120.

Stock Trading Conclusion:
TEX YEAR INDUSTRIE TWD10 (4720.TWO) was trading in a bullish wave, which is becoming weaker .
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 : 14.82, 14.93, 15.25, 15.48, 15.78, 17.12.
Stock Support levels : 14.72, 14.71, 14.65, 14.60, 14.60, 14.55, 14.40,.