Today we will analyze the stock SONG HO INDUSTRIAL TWD10 (5016.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SONG HO INDUSTRIAL TWD10 (5016.TWO)
1- Last bullish trend was from 25.35 $ (2/5/2014) to 26.65 $ (2/19/2014) a 1.30 $ move 2- The current bearish trend started from 26.65 $ at 2/19/2014 and is currently trading at 26.10 $.
3- 5016.TWO current support level is at 26.00 which is the 50.00 % fibonacci retracement of the last 1.30 $ move.
4- 5016.TWO current resistance level is at 26.15 which is the 38.20 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bullish,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.
SONG HO INDUSTRIAL TWD10 (5016.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 26.650 .
7- The Stock formed a 1.450 $ height triangle.
SONG HO INDUSTRIAL TWD10 (5016.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 24.650 and 22.000 that was broken down at 25.800 transforming into a resistance line.
SONG HO INDUSTRIAL TWD10 (5016.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 26.960 and 34.450 that was broken up at 26.770 transforming into a supporting line.

Stock Trading Conclusion:
SONG HO INDUSTRIAL TWD10 (5016.TWO) was trading in a bullish 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 : 26.15, 26.23, 26.31, 26.34, 26.38, 26.44, 26.65, 26.78, 27.27.
Stock Support levels : 26.00, 25.85, 25.35, 25.00, 24.55,.