Today we will analyze the stock FU-CHIAN TIRE CO TWD10 (5102.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in FU-CHIAN TIRE CO TWD10 (5102.TWO)
1- Last bearish trend was from 20.60 $ (3/14/2012) to 18.00 $ (4/27/2012) a 2.60 $ move 2- The current bullish trend started from 18.00 $ at 4/27/2012 and is currently trading at 19.05 $.
3- 5102.TWO current support level is at 18.99 which is the 38.20 % fibonacci retracement of the last 2.60 $ move.
4- 5102.TWO current resistance level is at 19.30 which is the 50.00 % fibonacci retracement of the last 2.60 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
FU-CHIAN TIRE CO TWD10 (5102.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 20.600 and 20.850, and is currently resisting at 19.850.
FU-CHIAN TIRE CO TWD10 (5102.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 20.850 and 22.400, and is currently resisting at 19.871.
FU-CHIAN TIRE CO TWD10 (5102.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 20.850 and 22.400, and is currently resisting at 19.871.

Stock Trading Conclusion:
FU-CHIAN TIRE CO TWD10 (5102.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 19.30, 19.61, 19.85, 19.87, 20.60, 21.31, 22.21.
Stock Support levels : 18.99, 18.80, 18.65, 18.61, 18.52, 18.40, 18.00,.