Today we will analyze the stock FORMOSA OPTICAL TE TWD10 (5312.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in FORMOSA OPTICAL TE TWD10 (5312.TWO)
1- Last bearish trend was from 115.00 $ (1/8/2014) to 102.50 $ (2/4/2014) a 12.50 $ move 2- The current bullish trend started from 102.50 $ at 2/4/2014 and is currently trading at 107.50 $.
3- 5312.TWO current support level is at 107.28 which is the 38.20 % fibonacci retracement of the last 12.50 $ move.
4- 5312.TWO current resistance level is at 108.75 which is the 50.00 % fibonacci retracement of the last 12.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
FORMOSA OPTICAL TE TWD10 (5312.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 115.000 and 116.000, and is currently resisting at 113.567.
FORMOSA OPTICAL TE TWD10 (5312.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 115.000 and 116.000, and is currently resisting at 113.567.
FORMOSA OPTICAL TE TWD10 (5312.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 34.840 $ height triangle which was broken down at 108.500 in higher than usual volume, target of the pattern is 73.660.

Stock Trading Conclusion:
FORMOSA OPTICAL TE TWD10 (5312.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 : 108.65, 108.75, 110.22, 113.57, 115.00, 118.40, 122.72.
Stock Support levels : 107.28, 106.32, 105.59, 105.45, 105.00, 104.41, 102.50,.