Today we will analyze the stock BAOTEK INDUSTRIAL TWD10 (5340.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in BAOTEK INDUSTRIAL TWD10 (5340.TWO)
1- Last bearish trend was from 5.29 $ (2/20/2014) to 5.11 $ (2/28/2014) a 0.18 $ move 2- The current bullish trend started from 5.11 $ at 2/28/2014 and is currently trading at 5.20 $.
3- 5340.TWO current support level is at 5.20 which is the 50.00 % fibonacci retracement of the last 0.18 $ move.
4- 5340.TWO current resistance level is at 5.22 which is the 61.80 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
BAOTEK INDUSTRIAL TWD10 (5340.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.110 and 4.390 that was broken down at 5.130 transforming into a resistance line.
BAOTEK INDUSTRIAL TWD10 (5340.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 4.720 that failed, and formed a support .
8- The Stock was supported by a support line, identified by two points: 4.390 and 4.000, and is currently supporting at 4.569.
BAOTEK INDUSTRIAL TWD10 (5340.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 4.000 and 4.720,resistance between 5.680 and 5.970 which was broken up at 5.050 in higher than usual volume.

Stock Trading Conclusion:
BAOTEK INDUSTRIAL TWD10 (5340.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 5.22, 5.29, 5.34, 5.38, 5.40.
Stock Support levels : 5.18, 5.17, 5.15, 5.15, 5.14, 5.11, 4.95, 4.73,.