Today we will analyze the stock BEST FRIEND TECHNO TWD10 (5321.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in BEST FRIEND TECHNO TWD10 (5321.TWO)
1- Last bearish trend was from 16.50 $ (2/28/2014) to 16.00 $ (3/7/2014) a 0.50 $ move 2- The current bullish trend started from 16.00 $ at 3/7/2014 and is currently trading at 16.80 $.
3- 5321.TWO current support level is at 16.64 which is the 127.20 % fibonacci retracement of the last 0.50 $ move.
4- 5321.TWO current resistance level is at 16.81 which is the 161.80 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
BEST FRIEND TECHNO TWD10 (5321.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 16.500 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 16.000 and 15.500, and is currently supporting at 16.063.
BEST FRIEND TECHNO TWD10 (5321.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.500 and 14.600, and is currently supporting at 15.852.
BEST FRIEND TECHNO TWD10 (5321.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 14.600 .

Stock Trading Conclusion:
BEST FRIEND TECHNO TWD10 (5321.TWO) was trading in a bearish wave, which is becoming stronger .
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 : 16.81.
Stock Support levels : 16.64, 16.61, 16.50, 16.49, 16.40, 16.31, 16.31, 16.25, 16.19, 16.12, 16.06, 16.00, 15.85,.