Today we will analyze the stock PENPOWER TECHNOLOG TWD10 (5211.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in PENPOWER TECHNOLOG TWD10 (5211.TWO)
1- Last bullish trend was from 32.20 $ (3/4/2014) to 33.60 $ (3/6/2014) a 1.40 $ move 2- The current bearish trend started from 33.60 $ at 3/6/2014 and is currently trading at 31.70 $.
3- 5211.TWO current support level is at 31.33 which is the 161.80 % fibonacci retracement of the last 1.40 $ move.
4- 5211.TWO current resistance level is at 31.82 which is the 127.20 % fibonacci retracement of the last 1.40 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PENPOWER TECHNOLOG TWD10 (5211.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 13.400 $ height triangle which was broken down at 32.150, target of the pattern is 18.750.
PENPOWER TECHNOLOG TWD10 (5211.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 22.650 and 20.000, and is currently supporting at 23.649.
PENPOWER TECHNOLOG TWD10 (5211.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 22.650 and 20.000, and is currently supporting at 23.649.

Stock Trading Conclusion:
PENPOWER TECHNOLOG TWD10 (5211.TWO) was trading in a strong bullish 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 : 31.82, 32.15, 32.20, 32.43, 32.65, 32.73, 32.87, 32.90, 33.07, 33.27, 33.60, 34.21.
Stock Support levels : 31.33, 23.65,.