Today we will analyze the stock NEWSOFT TECHNOLOGY TWD10 (5202.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in NEWSOFT TECHNOLOGY TWD10 (5202.TWO)
1- Last bullish trend was from 6.39 $ (2/25/2014) to 6.92 $ (3/6/2014) a 0.53 $ move 2- The current bearish trend started from 6.92 $ at 3/6/2014 and is currently trading at 6.47 $.
3- 5202.TWO current support level is at 6.39 which is the 100.00 % fibonacci retracement of the last 0.53 $ move.
4- 5202.TWO current resistance level is at 6.59 which is the 61.80 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
NEWSOFT TECHNOLOGY TWD10 (5202.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 6.390 and 6.110,resistance between 6.920 and 6.600 which was broken down at 6.500 in higher than usual volume.
NEWSOFT TECHNOLOGY TWD10 (5202.TWO) Mid term stock chart patterns for internet stock trading :

None.
NEWSOFT TECHNOLOGY TWD10 (5202.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
NEWSOFT TECHNOLOGY TWD10 (5202.TWO) was trading in a strong bullish wave, which is becoming stronger .
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 : 6.58, 6.59, 6.64, 6.64, 6.65, 6.70, 6.72, 6.75, 6.79, 6.92,.
Stock Support levels : 6.39, 6.25,.