Today we will analyze the stock PROMOS TECHNOLOGIE TWD10 (5387.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in PROMOS TECHNOLOGIE TWD10 (5387.TWO)
1- Last bullish trend was from 0.36 $ (8/29/2011) to 0.40 $ (8/31/2011) a 0.04 $ move 2- The current bearish trend started from 0.40 $ at 8/31/2011 and is currently trading at 0.34 $.
3- 5387.TWO current support level is at 0.34 which is the 161.80 % fibonacci retracement of the last 0.04 $ move.
4- 5387.TWO current resistance level is at 0.35 which is the 127.20 % fibonacci retracement of the last 0.04 $ 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.
PROMOS TECHNOLOGIE TWD10 (5387.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.360 and 0.340 that was broken down at 0.360 transforming into a resistance line.
PROMOS TECHNOLOGIE TWD10 (5387.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.660, and is currently resisting at 0.370.
PROMOS TECHNOLOGIE TWD10 (5387.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.660, and is currently resisting at 0.370.

Stock Trading Conclusion:
PROMOS TECHNOLOGIE TWD10 (5387.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.349, 0.354, 0.360, 0.363, 0.370, 0.375, 0.377, 0.380, 0.385, 0.385, 0.391, 0.400,.
Stock Support levels : 0.335.