Today we will analyze the stock SAN SHING FASTECH TWD10 (5007.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SAN SHING FASTECH TWD10 (5007.TWO)
1- Last bullish trend was from 43.72 $ (8/19/2011) to 46.28 $ (8/30/2011) a 2.56 $ move 2- The current bearish trend started from 46.28 $ at 8/30/2011 and is currently trading at 42.98 $.
3- 5007.TWO current support level is at 42.14 which is the 161.80 % fibonacci retracement of the last 2.56 $ move.
4- 5007.TWO current resistance level is at 43.02 which is the 127.20 % fibonacci retracement of the last 2.56 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
SAN SHING FASTECH TWD10 (5007.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 46.280 and 49.120, and is currently resisting at 44.049.
SAN SHING FASTECH TWD10 (5007.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 49.120 .
SAN SHING FASTECH TWD10 (5007.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 49.120 .
9- The Stock formed a 22.910 $ height triangle which was broken down at 43.120 in higher than usual volume, target of the pattern is 20.210.

Stock Trading Conclusion:
SAN SHING FASTECH TWD10 (5007.TWO) was trading in a bearish wave, which is becoming weaker .
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 : 43.02, 43.45, 43.72, 43.76, 44.05, 44.24, 44.63, 44.70, 45.00, 45.02, 45.30, 45.68, 46.28, 49.25,.
Stock Support levels : 42.14,.