Today we will analyze the stock LI SHIN CONSTRUCTI TWD10 (5213.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in LI SHIN CONSTRUCTI TWD10 (5213.TWO)
1- Last bullish trend was from 23.00 $ (2/4/2014) to 24.20 $ (2/10/2014) a 1.20 $ move 2- The current bearish trend started from 24.20 $ at 2/10/2014 and is currently trading at 23.10 $.
3- 5213.TWO current support level is at 23.00 which is the 100.00 % fibonacci retracement of the last 1.20 $ move.
4- 5213.TWO current resistance level is at 23.46 which is the 61.80 % fibonacci retracement of the last 1.20 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
LI SHIN CONSTRUCTI TWD10 (5213.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.550 $ height triangle which was broken down at 22.850 in higher than usual volume, target of the pattern is 20.300.
LI SHIN CONSTRUCTI TWD10 (5213.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 22.400 and 20.050 that was broken down at 24.900 transforming into a resistance line.
LI SHIN CONSTRUCTI TWD10 (5213.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 20.050 and 20.560,resistance between 22.610 and 24.210 which was broken up at 23.700 in higher than usual volume.

Stock Trading Conclusion:
LI SHIN CONSTRUCTI TWD10 (5213.TWO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 23.16, 23.36, 23.46, 23.52, 23.60, 23.65, 23.74, 23.78, 23.92, 24.20, 29.27.
Stock Support levels : 23.00, 22.67, 22.26, 20.30,.