Today we will analyze the stock CHAIN CHON INDUSTR TWD10 (5014.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHAIN CHON INDUSTR TWD10 (5014.TWO)
1- Last bearish trend was from 7.29 $ (9/6/2013) to 6.43 $ (12/16/2013) a 0.86 $ move 2- The current bullish trend started from 6.43 $ at 12/16/2013 and is currently trading at 6.99 $.
3- 5014.TWO current support level is at 6.96 which is the 61.80 % fibonacci retracement of the last 0.86 $ move.
4- 5014.TWO current resistance level is at 7.29 which is the 100.00 % fibonacci retracement of the last 0.86 $ move.
5- According to ADX Indicator, the trend is currently 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.
CHAIN CHON INDUSTR TWD10 (5014.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.290 and 7.710 that was broken up at 6.880 transforming into a supporting line.
CHAIN CHON INDUSTR TWD10 (5014.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 6.430 and 7.030,resistance between 7.710 and 7.980, the stock channel is currently supported from below by 6.237 and resisted from above by 7.175.
CHAIN CHON INDUSTR TWD10 (5014.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 6.430 and 7.030,resistance between 7.710 and 7.980, the stock channel is currently supported from below by 6.237 and resisted from above by 7.175.

Stock Trading Conclusion:
CHAIN CHON INDUSTR TWD10 (5014.TWO) was trading in a bullish wave, which is becoming stronger .
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 : 7.29, 7.52, 7.82.
Stock Support levels : 6.96, 6.86, 6.86, 6.78, 6.76, 6.71, 6.64, 6.63, 6.53, 6.43,.