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 bullish trend was from 14.25 $ (11/13/2013) to 14.90 $ (1/7/2014) a 0.65 $ move 2- The current bearish trend started from 14.90 $ at 1/7/2014 and is currently trading at 14.65 $.
3- 5102.TWO current support level is at 14.57 which is the 50.00 % fibonacci retracement of the last 0.65 $ move.
4- 5102.TWO current resistance level is at 14.65 which is the 38.20 % fibonacci retracement of the last 0.65 $ 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: 14.900 and 15.050, and is currently resisting at 14.841.
FU-CHIAN TIRE CO TWD10 (5102.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 15.640 .
8- The Stock formed a 1.730 $ height triangle which was broken down at 15.210 in higher than usual volume, target of the pattern is 13.480.
FU-CHIAN TIRE CO TWD10 (5102.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 18.050 and 18.910, and is currently resisting at 14.966.

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 bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 14.65, 14.71, 14.75, 14.75, 14.77, 14.80, 14.84, 14.90, 14.97, 15.64, 16.51.
Stock Support levels : 14.57, 14.50, 14.25, 14.07, 13.85,.