Today we will analyze the stock OFCO INDUSTRIAL CO TWD10 (5011.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in OFCO INDUSTRIAL CO TWD10 (5011.TWO)
1- Last bearish trend was from 23.50 $ (2/25/2014) to 21.30 $ (3/4/2014) a 2.20 $ move 2- The current bullish trend started from 21.30 $ at 3/4/2014 and is currently trading at 22.75 $.
3- 5011.TWO current support level is at 22.66 which is the 61.80 % fibonacci retracement of the last 2.20 $ move.
4- 5011.TWO current resistance level is at 23.50 which is the 100.00 % fibonacci retracement of the last 2.20 $ 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.
OFCO INDUSTRIAL CO TWD10 (5011.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.300 and 19.350, and is currently supporting at 22.080.
OFCO INDUSTRIAL CO TWD10 (5011.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 21.300 and 18.750,resistance between 23.500 and 20.350, the stock channel is currently supported from below by 21.619 and resisted from above by 24.246.
OFCO INDUSTRIAL CO TWD10 (5011.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 18.700 and 18.440,resistance between 23.500 and 23.140, the stock channel is currently supported from below by 18.934 and resisted from above by 23.531.

Stock Trading Conclusion:
OFCO INDUSTRIAL CO TWD10 (5011.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 23.50, 24.10, 24.86.
Stock Support levels : 22.66, 22.41, 22.40, 22.20, 22.14, 22.08, 22.02, 21.85, 21.82, 21.30,.