Today we will analyze the stock NEW BEST WIRE INDU TWD10 (5013.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in NEW BEST WIRE INDU TWD10 (5013.TWO)
1- Last bullish trend was from 16.30 $ (2/5/2014) to 18.40 $ (2/25/2014) a 2.10 $ move 2- The current bearish trend started from 18.40 $ at 2/25/2014 and is currently trading at 17.45 $.
3- 5013.TWO current support level is at 17.35 which is the 50.00 % fibonacci retracement of the last 2.10 $ move.
4- 5013.TWO current resistance level is at 17.60 which is the 38.20 % fibonacci retracement of the last 2.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
NEW BEST WIRE INDU TWD10 (5013.TWO) Short term stock chart patterns for internet stock trading :

None.
NEW BEST WIRE INDU TWD10 (5013.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.550 and 18.150 that was broken up at 16.750 transforming into a supporting line.
NEW BEST WIRE INDU TWD10 (5013.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 16.300 and 10.700,resistance between 18.150 and 12.400, the stock channel is currently supported from below by 16.705 and resisted from above by 19.217.

Stock Trading Conclusion:
NEW BEST WIRE INDU TWD10 (5013.TWO) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 17.60, 17.67, 17.81, 17.90, 17.92, 18.04, 18.40,.
Stock Support levels : 17.35, 17.10, 16.30, 15.79, 15.73,.