Today we will analyze the stock PALETTE INNOVATION TWD10 (5324.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in PALETTE INNOVATION TWD10 (5324.TWO)
1- Last bullish trend was from 38.70 $ (1/9/2014) to 40.60 $ (2/10/2014) a 1.90 $ move 2- The current bearish trend started from 40.60 $ at 2/10/2014 and is currently trading at 38.85 $.
3- 5324.TWO current support level is at 38.70 which is the 100.00 % fibonacci retracement of the last 1.90 $ move.
4- 5324.TWO current resistance level is at 39.43 which is the 61.80 % fibonacci retracement of the last 1.90 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PALETTE INNOVATION TWD10 (5324.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 38.700 and 40.100,resistance between 40.600 and 43.400, the stock channel is currently supported from below by 35.433 and resisted from above by 38.850.
PALETTE INNOVATION TWD10 (5324.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 40.100 and 37.500 that was broken down at 41.450 transforming into a resistance line.
PALETTE INNOVATION TWD10 (5324.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 14.690 $ height triangle which was broken down at 41.450 in higher than usual volume, target of the pattern is 26.760.

Stock Trading Conclusion:
PALETTE INNOVATION TWD10 (5324.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 : 39.26, 39.43, 39.52, 39.65, 39.72, 39.87, 39.93, 40.15, 40.60, 46.60, 47.28.
Stock Support levels : 38.70, 38.18, 37.53,.