Today we will analyze the stock UNIVERSAL TECH SYS TWD10 (5206.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in UNIVERSAL TECH SYS TWD10 (5206.TWO)
1- Last bullish trend was from 14.50 $ (2/5/2014) to 15.20 $ (2/17/2014) a 0.70 $ move 2- The current bearish trend started from 15.20 $ at 2/17/2014 and is currently trading at 14.35 $.
3- 5206.TWO current support level is at 14.31 which is the 127.20 % fibonacci retracement of the last 0.70 $ move.
4- 5206.TWO current resistance level is at 14.50 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
6- Bullish Divergance in MACD Indicator .
UNIVERSAL TECH SYS TWD10 (5206.TWO) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 14.500 and 17.800,resistance between 15.200 and 18.400, the stock channel is currently supported from below by 13.910 and resisted from above by 14.813.
UNIVERSAL TECH SYS TWD10 (5206.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 5.000 $ height triangle which was broken up at 18.150 in higher than usual volume, target of the pattern is 23.150 which was broken down at 17.950, target of the pattern is 12.950.
UNIVERSAL TECH SYS TWD10 (5206.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 14.700 and 13.300 that was broken down at 18.200 transforming into a resistance line.

Stock Trading Conclusion:
UNIVERSAL TECH SYS TWD10 (5206.TWO) was trading in a bearish 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 : 14.50, 14.55, 14.67, 14.77, 14.77, 14.85, 14.88, 14.93, 15.03, 15.20, 18.40, 23.15, 25.13, 26.64.
Stock Support levels : 14.31, 14.07, 12.95,.