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 8.01 $ (4/30/2012) to 8.57 $ (5/2/2012) a 0.56 $ move 2- The current bearish trend started from 8.57 $ at 5/2/2012 and is currently trading at 8.30 $.
3- 5302.TWO current support level is at 8.29 which is the 50.00 % fibonacci retracement of the last 0.56 $ move.
4- 5302.TWO current resistance level is at 8.36 which is the 38.20 % fibonacci retracement of the last 0.56 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SYNTEK SEMICONDUCT TWD10 (5302.TWO) Short term stock chart patterns for internet stock trading :

None.
SYNTEK SEMICONDUCT TWD10 (5302.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.100 and 9.480, and is currently resisting at 8.955.
SYNTEK SEMICONDUCT TWD10 (5302.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 3.600 $ height triangle which was broken down at 8.500 in higher than usual volume, target of the pattern is 4.900.

Stock Trading Conclusion:
SYNTEK SEMICONDUCT TWD10 (5302.TWO) was trading in a bearish 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 : 8.36, 8.36, 8.40, 8.43, 8.44, 8.47, 8.57, 8.84, 8.96.
Stock Support levels : 8.29, 8.22, 8.01, 7.86, 7.66,.