Today we will analyze the stock SYNTEK SEMICONDUCT TWD10 (5302.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SYNTEK SEMICONDUCT TWD10 (5302.TWO)
1- Last bullish trend was from 9.03 $ (2/17/2014) to 9.46 $ (2/26/2014) a 0.43 $ move 2- The current bearish trend started from 9.46 $ at 2/26/2014 and is currently trading at 9.27 $.
3- 5302.TWO current support level is at 9.24 which is the 50.00 % fibonacci retracement of the last 0.43 $ move.
4- 5302.TWO current resistance level is at 9.30 which is the 38.20 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SYNTEK SEMICONDUCT TWD10 (5302.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 9.030 and 8.460 that was broken down at 9.120 transforming into a resistance line.
SYNTEK SEMICONDUCT TWD10 (5302.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 8.460 and 7.020,resistance between 9.920 and 8.050, the stock channel is currently supported from below by 9.107 and resisted from above by 10.985.
SYNTEK SEMICONDUCT TWD10 (5302.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.980 $ height triangle.

Stock Trading Conclusion:
SYNTEK SEMICONDUCT TWD10 (5302.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 : 9.30, 9.31, 9.34, 9.36, 9.36, 9.39, 9.46, 10.25.
Stock Support levels : 9.24, 9.19, 9.03, 8.91,.