Today we will analyze the stock CNET TECHNOLOGY TWD10 (5306.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CNET TECHNOLOGY TWD10 (5306.TWO)
1- Last bullish trend was from 109.50 $ (2/24/2014) to 126.50 $ (3/3/2014) a 17.00 $ move 2- The current bearish trend started from 126.50 $ at 3/3/2014 and is currently trading at 121.00 $.
3- 5306.TWO current support level is at 120.01 which is the 38.20 % fibonacci retracement of the last 17.00 $ move.
4- 5306.TWO current resistance level is at 122.49 which is the 23.60 % fibonacci retracement of the last 17.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
CNET TECHNOLOGY TWD10 (5306.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 109.500 and 108.500, and is currently supporting at 110.269.
CNET TECHNOLOGY TWD10 (5306.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 128.000 and 133.000 that was broken up at 123.000 transforming into a supporting line.
CNET TECHNOLOGY TWD10 (5306.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 133.000 and 139.500, and is currently resisting at 123.181.

Stock Trading Conclusion:
CNET TECHNOLOGY TWD10 (5306.TWO) was trading in a strong bullish wave, which is becoming weaker .
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 : 122.30, 122.49, 123.10, 123.18, 123.75, 124.40, 126.50,.
Stock Support levels : 120.01, 118.80, 118.00, 115.99, 110.27, 109.50, 104.88,.