Today we will analyze the stock WONTEN TECHNOLOGY TWD10 (5364.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in WONTEN TECHNOLOGY TWD10 (5364.TWO)
1- Last bearish trend was from 43.50 $ (2/20/2014) to 40.50 $ (3/5/2014) a 3.00 $ move 2- The current bullish trend started from 40.50 $ at 3/5/2014 and is currently trading at 42.00 $.
3- 5364.TWO current support level is at 42.00 which is the 50.00 % fibonacci retracement of the last 3.00 $ move.
4- 5364.TWO current resistance level is at 42.35 which is the 61.80 % fibonacci retracement of the last 3.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
WONTEN TECHNOLOGY TWD10 (5364.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 40.500 and 40.000, and is currently supporting at 40.625.
WONTEN TECHNOLOGY TWD10 (5364.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 40.000 and 30.800 that was broken down at 42.800 transforming into a resistance line.
WONTEN TECHNOLOGY TWD10 (5364.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2,519.780 $ height triangle which was broken up at 31.900 in higher than usual volume, target of the pattern is 2,551.680.

Stock Trading Conclusion:
WONTEN TECHNOLOGY TWD10 (5364.TWO) was trading in a strong bearish 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 : 42.35, 43.50, 44.32, 45.35, 46.27, 2,551.68.
Stock Support levels : 41.65, 41.43, 41.25, 41.21, 41.07, 40.63, 40.50, 39.96,.