Today we will analyze the stock NEW ERA ELECTRONIC TWD10 (4909.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in NEW ERA ELECTRONIC TWD10 (4909.TWO)
1- Last bullish trend was from 42.05 $ (3/3/2014) to 43.40 $ (3/6/2014) a 1.35 $ move 2- The current bearish trend started from 43.40 $ at 3/6/2014 and is currently trading at 42.15 $.
3- 4909.TWO current support level is at 42.05 which is the 100.00 % fibonacci retracement of the last 1.35 $ move.
4- 4909.TWO current resistance level is at 42.57 which is the 61.80 % fibonacci retracement of the last 1.35 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
NEW ERA ELECTRONIC TWD10 (4909.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 5.700 $ height triangle which was broken down at 41.800 in higher than usual volume, target of the pattern is 36.100.
NEW ERA ELECTRONIC TWD10 (4909.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 35.100 and 32.200,resistance between 45.800 and 38.100 which was broken down at 42.350 in higher than usual volume.
NEW ERA ELECTRONIC TWD10 (4909.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 32.200 and 26.080, and is currently supporting at 37.220.

Stock Trading Conclusion:
NEW ERA ELECTRONIC TWD10 (4909.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 : 42.34, 42.44, 42.57, 42.63, 42.72, 42.78, 42.88, 42.92, 43.08, 43.40, 44.38.
Stock Support levels : 42.05, 41.68, 41.22, 37.22,.